NEC4 DEFINED COST & COMPENSATION EVENTS

NEC4: Defined Cost and Compensation Events is a book that explains how to manage compensation events and the wider role of Defined Cost within the NEC contract. It provides stand-alone guidance for each of the six main options of the ECC, as well as coverage of the Alliance Contract, DBO Contract, Professional Service Contracts, and the Term Service and Facilities Management Contracts. It also explains the assessment of time in compensation events, which impacts the financial assessment. It is essential reading for all those working in construction contracts.

\n Format: Paperback
\n \n Publication date: 12 November 2021
\n Publisher: INSTITUTE OF CIVIL ENGINEERING
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NEC4: Defined Cost and Compensation Events is a comprehensive guide that delves into the intricate realm of managing compensation events within the framework of the NEC contract. It emphasizes the pivotal role of Defined Cost in achieving success across various contract scenarios. The book showcases the significance of effective compensation event management as a core component of contract fulfillment, highlighting its importance in both routine payment assessments and contingency situations.

With a primary focus on Defined Cost within the NEC4 Engineering and Construction Contract (ECC), the book offers standalone guidance for each of the six main options of the ECC, as well as coverage of the Alliance Contract, DBO Contract, Professional Service Contracts, and the Term Service and Facilities Management Contracts. It provides a detailed explanation of the assessment of time in compensation events, its impact on financial assessments, and the various factors that contribute to its calculation.

NEC4: Defined Cost and Compensation Events serves as an invaluable companion for professionals engaged in construction contracts, spanning from the initial contract preparation to procurement, award, execution, and dispute management. It is an essential resource for engineers, project managers, quantity surveyors, architects, lawyers, and claims consultants, as it offers a comprehensive understanding of the complexities involved in compensation event management under the NEC contract.

By providing a thorough exploration of Defined Cost and its broader implications within the NEC contract, this book equips readers with the knowledge and tools necessary to navigate the complexities of construction contracts effectively. It serves as a valuable reference for professionals seeking to enhance their understanding of contract management, risk mitigation, and dispute resolution in the construction industry.

\n Weight: 350g\n
Dimension: 170 x 244 x 11 (mm)\n
ISBN-13: 9780727765604\n \n