If a compensation event moves planned Completion then there is an entitlement to move Completion Date and for the CE quotation to include prelim type costs. This quotation will be assessed using Defined Cost which is built up from the schedule of cost components.
The problem I have on two projects, one option A and one option C (so one using shorter schedule and the other using the full schedule) is that both of them have X13 Performance Bond that need to be extended. The later Completion Date means the performance bond has to be increased to cover a longer period which will be a cost to the Contractor because of the CE.
My question is this - where would this fit within the elements of the SCC/SSCC as I can not see where it fits. Surely there must be an entitlement to be able to claim this cost now being incurred as a result of the CE?
Anything not in the list is deemed to be included within the fee, but is this fair/right?
Is this recoverable as part of the schedule of cost components (either full or short version)?