If, in a contract under Option E, the works information requires some site investigation work to be carried out, am I right that the cost of the equipment used is actual cost and that the CECA rates referenced in Contract Data Part 2 are only used for Compensation Events?
As the works are stated in the Works Information, your costs for carrying out those works are reimbursed using actual costs + Fee.
Should a Compensation Event arise you would quote the Compensation Event using the Schedule of Cost Components / CECA. Once implemented the forecast amount of the Prices will be updated but you will continue to to use your actual cost + fee.
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