SAICE

NEC4: Defined Cost and Compensation Events

R2500,00 Incl. VAT

Product Code: TD/TTP/N4DCC
NEC4: Defined Cost and Compensation Events explains how to manage compensation events, and the wider role that Defined Cost has within the NEC contract. The book shows how effective management of compensation events is central to the success of each contract, and the important role of Defined Cost both in compensation events and also routine payment assessments.

Additional information

Weight 500 g
Author

Patrick Waterhouse
Publisher

ICE Publishing
ISBN Number

978-0-7277-6560-4
Year

2022

Preface
About the author
List of abbreviations
01. Introduction
02. What is the role of Defined Cost in NEC4 contracts?
03. What is a compensation event?
04. Compensation events 60.1(1) – 60.1(10)
05. Compensation events 60.1(11) – 60.1(21)
06. Compensation events in the main and secondary Options
07. Notifying compensation events, producing quotations and proposed instructions
08. Assessing and implementing compensation events
09. Time assessments of compensation events
10. What is Defined Cost?
11. Defined Cost and assessing compensation events in main Option A and Option B Contracts and the Short Schedule of Cost Components
12. Defined Cost in Main Option C, D and E contracts; Disallowed Cost and the Schedule of Cost Components
13. Main Option C, D and E contracts: assessment of Price for Work Done to Date and assessment of compensation events
14. Option F contracts: Defined Cost; Disallowed Cost; assessment of Price for Work Done to Date, and assessment of compensation events
15. Final assessments
16. Other NEC contracts
17. The effect of Z Clauses
18. Disputes concerning Defined Cost and compensation events
19. Defined Cost in termination