Clause 65.2 of the NEC3 PSC Option E states:
‘The assessment of a compensation event is not revised if a forecast upon
which it is based is shown by later recorded information to have been wrong’
Does this mean once a CE is implemented that is how it is valued? I.e the Implemented value is paid rather than the time charge value.
Option E is time charge for ‘time properly spent’.
It seems obscure than once a CE is agreed for a certain price the actual cost liable to the employer can be higher than the implemented value.