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NEC ECC: Option C - Schedule of cost components Item 7

+1 vote
SCC Item 7 refers to "cost of the event" does it mean the full cost of the insurable event should be deducted from the cost irrespective of the compensation from the Insurer?
asked Sep 29 in NEC3 SOCC/SSOCC by anonymous   1 4

1 Answer

+1 vote
Yes that's right, how much the Contractor recovers from his insurer is immaterial to the Employer. If this wasn't the case the Employer may find he is liable for some costs for events that aren't his risk in the contract.
answered Sep 29 by Neil Earnshaw (7,460 points)