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Compensation events under the NEC3 Engineering and Construction Contract
Those who have worked with the NEC3 Engineering and Construction Contract know that compensation events are at the very heart of how change is managed and those who have heard of the standard form may have heard of the word "compensation event".
Those who have worked with the NEC3 Engineering and Construction Contract know that compensation events are at the very heart of how change is managed and those who have heard of the standard form may have heard of the word "compensation event". But what exactly are they, and what is expected of the contractor and project manager when a compensation event occurs?
Join Associate, Zodwa Malinga and Associate Designate, Lakeen Kowlas from our Dispute Resolution practice and part of the Construction & Engineering sector, as they discuss compensation events under the NEC3 Engineering and Construction Contract.
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By CLIFFE DEKKER HOFMEYRThose who have worked with the NEC3 Engineering and Construction Contract know that compensation events are at the very heart of how change is managed and those who have heard of the standard form may have heard of the word "compensation event".
Those who have worked with the NEC3 Engineering and Construction Contract know that compensation events are at the very heart of how change is managed and those who have heard of the standard form may have heard of the word "compensation event". But what exactly are they, and what is expected of the contractor and project manager when a compensation event occurs?
Join Associate, Zodwa Malinga and Associate Designate, Lakeen Kowlas from our Dispute Resolution practice and part of the Construction & Engineering sector, as they discuss compensation events under the NEC3 Engineering and Construction Contract.