Webinar - Getting to grips with Compensation Events under ECS and How they work with the SOCC

This topic is for all questions raised on our webinar “Getting to grips with Compensation Events under ECS and How they work with the SOCC”. If you haven’t already attended it, you can sign up here Webinar - Getting to Grips with Compensation Events Under ECS and How | Built Intelligence

What’s it about?

This one-hour webinar session introduces you to the compensation event process for managing change under the NEC3 Engineering and Construction Subcontract (ECS). This webinar provides an overview of the main provisions of under section 6 of the ECS Contract. After completing this webinar, you’ll understand the compensation process of ECS inside out.

Attendees of this webinar will have a much clearer understanding of the intent of the specific contractual clauses and in practical terms begin to see how they should administer them for the benefit of all parties on a particular project.

You will learn

By the end of this webinar you will be able to:

  • Explain what Compensation Events are
  • Outline and follow the key steps in the Compensation Event Process (Notify, Quote and Assess)
  • Explain the method of assessment
  • Be aware of the sanctions for non-compliance

I have one query in relation to clause 62.3, can client ask contractor to reduce the period from 4 weeks to 2 weeks?

I don’t understand the point regarding paying on forecasts if the event has occurred in the past and we have actual costs on a cost reimbursable contract - why would we pay on a forecast which may be higher cost if we know the actual cost of the event?

As part of the Contractor’s assessment he should therefore assess impact of the event to the S/C’s programme to assess delay effect if any. This in my experience is something the Contractor doesn’t do or substantiate if they do assess. What are your thoughts?