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How are changes to the Prices arising from compensation events assessed?

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How are changes to the Prices arising from compensation events assessed?
asked Oct 9, 2012 in Compensation Events by BuiltIntelligence (870 points)  

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Changes to the Prices are assessed as the effect of the compensation event upon:

  • the actual Defined Cost of the work already done
  • the forecast Defined Cost of work not yet done and
  • the resulting Fee (see clause 63.1).
answered Oct 9, 2012 by BuiltIntelligence (870 points)