Are the Prices reduced if a compensation event reduces the total Defined Cost?

NEC3 and NEC4 Contracts
1

Are the Prices reduced if a compensation event reduces the total Defined Cost?

2

If the effect of a compensation event is to reduce the total Defined Cost and the event is:

	A change to the Works Information or

	A correction of an assumption stated by the Project Manager for assessing an earlier compensation event


Then the Prices are reduced (see Clause 63.10).