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NEC3 TSC Overview of compensation events under the TSC

NEC3 TSC Overview of compensation events under the TSC

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This course will give you an overview of the compensation event procedure in the TSC. We'll look at what a compensation event is and the process for managing them to ensure they're resolved in a timely way.

After studying this course, you should be able to:-

1. Understand what a compensation event is and the fundamental differences between a compensation event under NEC3 and contract changes or variations under other forms of contract.
2. Know and therefore be able to find the definitions of the core compensation events.
3. Explain the basic stages involved from notification to implementation of a compensation event.