IntroductionChanges in NEC 3 (from ECC 2)Outline of proceduresDefi ning a compensation eventCompensation events as exclusive remediesFairness of the compensation event proceduresUnusual features of the compensation event proceduresdoi:10.1002/9780470758496.ch11Brian Eggleston...
Compensation events entitle a contractor to be compensated for any impact the event has on the prices, completion or key dates in the contract. The cost impact of a compensation event is based upon the effect the event has on the cost of work already done and the forecast cost of work ...
If a compensation event is not mutually agreed, can the project manager apply delay damages? Read answer We are a consultant using the NEC4 Professional Service Contract (PSC) with main Option C (target contract). In the schedule of cost components item 11 for people, does the term ‘...
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If the Contractor fails to notify the Project Manager of a compensation event within 8 weeks of him becoming aware of the event, he loses his right to claim any additional time or money (unless it is an event which the Project Manager should have notified to the Contractor). If the Projec...
s results of operations and financial condition. For example, there is a possibility of defined benefit pension plan obligations and/or defined benefit pension plan expenses increasing in the event of a future reduction in discount rates or prior service costs resulting from a change in the system...
Lost income or diminished earning capacity: A parent who could not work due to providing care for their child could be compensated for lost income. If a child has a disability due to NEC and their parents cannot work while caring for them, compensation for lost future earnings may be request...
It is commonplace that the contractor does not forecast those impacts of a Compensation Event correctly. For example, I have witnessed the following scenario multiple times: contractor’s CE001 = 10 days delay forecast[9]. CE002 = 5 days delay forecast. CE003 = 20 days delay forecast. The...
[60]. Notably, the combined assemblies yielded high BUSCO values (94.7%) in Actinopterygii, serving as a compensation for the absence of long reads. It is evident that future transcriptome and long-reads sequencing studies will be imperative to provide a comprehensive, quantitative evaluation of ...
For a) “information related to type of network optimization”, conceivable ones include, but are not limited to, for example: coverage optimization; capacity optimization; coverage and/or capacity optimization; handover optimization; load balancing optimization; cell outage compensation; energy saving ...