This article by Laura Campbell, Sharpe Pritchard, another in a series of short articles for new NEC users, examines the key features and processes for compensation events in the NEC4 Engineering and Construction Contract (ECC). Every client wishes its project to be delivered on time and on budget, but sometimes circumstances impact on the contractor’s ability to do so. NEC contracts manage this risk fairly and quickly by way of compensation events, which may entitle the contractor to additional time and/or money in certain circumstances #compensationevent #constructioncontracts #damages #contractor #client #risk

Posted by NEC Contracts at 2024-05-09 12:00:02 UTC