NEC 4 ECC Option C - Compensation Events and Risks

NEC3 and NEC4 Contracts Compensation Events
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We are under NEC4 Option C.

The Project Manager notifies the Contractor of a Compensation event and instructs the Contractor to submit a quotation.
The Contractor submits the quotation which includes a certain amount/allowance for Risks.
The quotation is accepted by the PM.

If Risks do not realise, will the Contractor be paid for the Risk allowances made in the quotation?

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The quotation when accepted adjusts the total of the Prices (the target). The contractor will be paid Defined Cost + fee so in simple terms if the risk does not realise the risk allowances will become gainshare which is shared between the Contractor and the Client

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