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What are compensation events?

+2 votes
What are compensation events?
asked Oct 8, 2012 in Compensation Events by BuiltIntelligence (870 points)  
recategorized Oct 23, 2012 by Rob Glasspool

1 Answer

+1 vote
Best answer
They are events which affect Prices, the Completion Date or a Key Date and do not arise from the Contractor’s fault. These events entitle the Contractor to be compensated. A list of compensation events is in core Clause 60.1.
answered Oct 8, 2012 by BuiltIntelligence (870 points)