Looking to adopt the new NEC3 ECI clauses for a major highways scheme using Option C, and would like to know how ‘Change’ to the Stage 1 Prices is managed during Stage 1. I’m am not clear if change is managed via the requirement for regular forecasts of defined cost and acceptance by the PM or by use of the Compensation Event procedure? Any thoughts much appreciated Thanks.
In Stage 1 using option C, the contract is effectively a cost reimbursable contract so while there are compensation events, they only adjust forecasts of out turn and should match up to the forecast of Defined Cost (which the Contractor is required to give) + the fees.
So the answer is both !