The meaning of Compensation events under NEC4 contract

The meaning of Compensation events under NEC4 contract

Description

Professor Robert Shawyer LLB(Hons), FRICS, FCIArb, FCIOB, FCInstCES, IBA , highlights the meaning and use of NEC4 contract terms described as ‘compensation events’.

This subject is very topical to construction professionals as it fits in with the increasing move, particularly by public bodies to tender their work under framework agreements that are of interest due to the packaging of works into lots suitable for tier 1, SME and micro SME contractors.

Specialisms: Contracts Management
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