Tips to Manage Compensation Events under NEC

and the Effect of NEC4

1 March 2018 | 08:00 - 09:30

 
Loading...
row-start col-md-7 #top-section top-section

About the event

Join us for this breakfast seminar with HKA at the Motorcycle Museum, Solihull. 

Overview 

The successful management of compensation events under NEC is fundamental to the effective operation of the contract. One of NEC’s perceived strengths is that it actively promotes the use of prospective quotation assessments with a view of providing the Employer with time and cost certainty, often before the actual costs may be known or before the changed works have been carried out.  

However, frequently in practice and in our experience of dispute resolution proceedings, the parties’ failures to strictly adhere to the prescribed timescales of NEC, or a fundamental misunderstanding of the provisions themselves, often leads to conflict.  

In view of the above, our seminar will consider some of the issues surrounding compensation events: 

  • notifying and presenting early warnings and compensation events 
  • assessing defined costs 
  • valuation of compensation events using the ‘dividing line’ 
  • revision of compensation event quotations when forecasts later turn out to be wrong 
  • assessing delay to completion 

During the seminar we will also review some of the recent changes brought about by NEC4. Described as an evolution not a revolution, the amendments to certain clauses will result in a significant effect on the assessment of compensation events. 

Timings as follows: 

8:00am to 8:30am - Registration & breakfast sandwiches 
8:30am to 09:30am – Seminar 

HKA 

HKA has participated in over 50,000 disputes valued in excess of £50 billion. The company has earned a unique reputation throughout the world as a premier Claims Resolution and Construction Consultancy. 

Speakers 

John Jones is a Chartered Quantity Surveyor with a Master of Laws degree in Construction Law and Arbitration and now specialises in dispute resolution, claims preparation, adjudication services and as Expert Witness providing quantum reports for litigation and arbitration. 

Andrew Willis is a Chartered Quantity Surveyor with extensive experience gained within the civil engineering, building and power generation industries. He holds a Masters degree in Construction Law and acts for both referring and responding parties, providing expert opinion on quantum issues.


Event fees

This event is free to all members of the CIOB and HKA staff. There is a £25 fee for non-members.

To find out further about ticket prices, please click on the Register button in the top right of the page.

Contact details

GEORGINA FLOYD
MEMBER SERVICES & EVENTS CO-ORDINATOR
gfloyd@ciob.org.uk
+44 (0)1344 630836


1 Arlington Square
Downshire Way
Bracknell
RG12 1WA
UK
tel: +44 (0) 1344 630700
fax: +44 (0) 1344 306430
Registered Charity No. (England and Wales) 280795 - (Scotland) SC041725
Registered VAT No. 492 0644 43
row-end col-sm-12 col-md-5 top-80
row-start col-xs-12 row-end register-section colour-section center

Register

Secure your place now
If you require any assistance, please contact us  

Register Now