Pre-construction phase. There have been some Contractor’s and Client’s Risks that have ocurred. What is the contract mechanism to transfer the budget/money from the Contractor’s / Clients’ Risk pot? Is it through a Compensation Event mechanism process?
Some of the Risks were not identified/not allowed in the original Contractor / Risk pot.
I assume the Compensation Event mechanism process could be applied for the Client’s risks that have ocurred but what about the Contractor’s?