NEC4 ECC – early warning, Defined Cost and compensation events

NEC4 ECC – early warning, Defined Cost and compensation events

An in-depth look at the early warning, Defined Cost and compensation event provisions of the NEC4 ECC contract, with examples

About this course

Knowledge

Covers early warning, Defined Cost and compensation events

Examples

Gives examples

Practical Use

Gives you the confidence to use this contract day to day

What You'll Learn

Early Warning

  • Early Warning
  • Early Warning examples

Defined Cost

  • What is Defined Cost and how is it used?
  • Assessing Defined Cost
  • The Schedules of Cost Components
  • Other provisions
  • Examples

Compensation events

  • Definition
  • What are the events?
  • The process, from notification to implementation
  • Assessing compensation events
  • Compensation event assessment examples
  • Project Manager assessments
  • Proposed instructions

Note, this course is an extract from the NEC4 ECC In Practice course

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What is NEC4?

The NEC4 suite is currently the most talked about construction contract in Australia and New Zealand. With the industry realising