Getting to Grips with Compensation Events under NEC4 PSC
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This course introduces you to compensation event process for managing change under the NEC4 Professional Services Contract (PSC). This webinar provides an overview of the main provisions of under section 6 of the PSC Contract. After completing this webinar, you'll understand the compensation process of PSC inside out.
By the end of this course 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