The only way to evaluate ‘Change’ under the NEC form of contract in terms of Time and Money, is through the identified Compensation Events (CE’s).
The intention is that a prospective form of analysis is required predicting the total cause and effect of an Event and that this is agreed before the Event takes place or is an aggregate of actual cost/time incurred and future predicted cost/time if works to the Event are on-going.
The administration of this form of contract can become difficult with amended compensation event clauses, notice periods and non-agreement by the Project Manager of not only what is and is not a Compensation Event but what is and is not included within the evaluation thereof.
With this form of ‘one-stop’ solution, demonstrating and protection of entitlements in terms of Time and Money is of critical importance. M Harvey Consulting can provide professional expert advice of how to record and evaluate compensation event ‘Change’. As well as providing solutions to maximise recovery and minimise loss.