What happens when a Contractor’s quotation is treated as having been accepted by the Project Manager (i.e. when the Project Manager has not replied to the Contractor’s quotation)?

NEC3 and NEC4 Contracts Compensation Events
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What happens when a Contractor’s quotation is treated as having been accepted by the Project Manager (i.e. when the Project Manager has not replied to the Contractor’s quotation)?

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A compensation event is implemented when a Contractor’s quotation is treated as having been accepted by the Project Manager (see Clause 65.1).