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Manage episode 522198230 series 3695640
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We break down how to assess compensation events on price under NEC, focusing on the dividing date, defined cost, and the difference between assessment by agreement and assessment by default. Two worked examples show why you must compare cost with and without the change, not tender prices against new costs.
• definition and purpose of compensation events under NEC
• the dividing date and why it stays fixed
• when assessments are retrospective versus prospective
• using clause 63.2 by agreement for small, similar changes
• default clause 63.1: defined cost with and without the change
• worked example: deletion and abortive costs explained
• worked example: design change and preserving tender position
• implementing updates in activity schedules or bills
• common pitfalls and how to avoid them
• handling time and money together with the accepted programme
View the webinar: https://www.gatherinsights.com/en/webinars
Join the LinkedIn Group: https://www.linkedin.com/groups/2893228/
Chapters
1. Welcome And Series Context (00:00:00)
2. Who We Are And Why Price Matters (00:03:40)
3. What A Compensation Event Really Is (00:06:45)
4. The Dividing Date Explained (00:10:20)
5. When Assessments Are Retrospective Or Prospective (00:14:30)
6. Using Agreed Rates Under 63.2 (00:18:20)
7. Core Rule 63.1 And Why Price ≠ Cost (00:23:20)
8. Worked Example: Deleting A Building (00:28:00)
9. Worked Example: Changing A Concrete Beam (00:36:20)
10. Implementing Price Changes In Schedules (00:44:30)
11. Common Problems And Practical Fixes (00:48:40)
12. Q&A: Time And Money Together (00:53:00)
13. Next Session: Making Programmes Work (00:58:00)
4 episodes
