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The Project Manager made assumptions about the effects of a compensation event which later proved to be incorrect. Is this a compensation event?

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The Project Manager made assumptions about the effects of a compensation event which later proved to be incorrect. Is this a compensation event?

asked Oct 10, 2012 in Compensation Events by BuiltIntelligence (870 points)  

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The Project Manager may state assumptions to be used in the assessment of a compensation event (see Clause 61.6). If these are found to be wrong, the Project Manager notifies a correction and this is a separate compensation event (see Clause 60.1(17)).

Only the work affected by the changed assumption are included in the assessment of this subsequent compensation event and it is not a reason or excuse to re-visti the whole of the initial compensation event.

answered Oct 10, 2012 by BuiltIntelligence (870 points)  
edited Oct 18, 2012 by Jon Broome