When notifying the impact of COVID-19 as a compensation event under clause 60.1(19), is the best approach to notify COVID-19 as being the compensation event or to notify individual prevention events separately (e.g. first notification being that all suppliers have shut down due to COVID-19 and this is a compensation event under 60.1(19), second notification being that internal critical staff are unavailable due to self isolation and this is a compensation event under 60.1(19) etc.)?
Alternatively, should we notify COVID-19 as being a compensation event under clause 60.1(19) and then also notify the individual events related to COVID-19 as being compensation events as and when they arise?
As the effects of the coronavirus outbreak are changing daily it would make sense to notify of individual prevention events as and when they occur so that the cost and time of each one can be assessed rather than trying to deal with it all as a global claim after things have got back to business as usual. You will most likely end up with multiple clause 60.1(19) compensation events which can all be traced back to coronavirus however by dealing with things separately there is less likelihood of things ending in dispute.
It will be essential that full use of the PM’s right to state assumptions about CEs as the effects of coronavirus are too uncertain to be reasonably forecast (clause 61.6).