Hi all, I have a question on how to deal with compensation events notified by the Contractor.
A meeting was held amongst the Project Manager, the Contractor and Others and a change in Works Information is expected, but the details are yet to be finalised.
At this point, the Contractor notified a compensation event in accordance with Clause 61.3. While the Project Manager agrees that it is a compensation event, when he notifies the Contractor this decision, the Contractor is instructed to submit quotations at the same time.
However, given that the details of the compensation event are not finalised, there is no basis for the Contractor to prepare a quotation. In this case, how should the Project Manager deal with it?