We have a NEC4 PSC option A. The budget is tight and the price must therefore remain the same. Is it possible to amend the contract via a Z clause to make all compensation events time only entitlement, rather than time and money?
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In theory, yes, but it would have to be carefully worded, with amendments made to original core clauses elsewhere in the contract in order for it to serve its intended purpose. it would most likely need to be drafted by someone with a legal background to consider various possible events. For example, are you expecting your Subcontractor’s to carry out additional scope for no additional cost ?
Just my opinion, but this would create the opposite effects intended. Most good sense Subcontractors / Contractors will simply include a hefty risk amount to allow for change.