The meaning of Compensation events under NEC4 contract
Free to CIOB members.
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.
Members gain 1 CIOB CPD point when you reflect on the ethical aspects of your learning from this activity.
Please note the CIOB does not provide completion certificates for CPD.
Commercial and Contractual Knowledge
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