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Getting to Grips with Compensation Events Under ECS and How They Work with the SOCC

Getting to Grips with Compensation Events Under ECS and How They Work with the SOCC

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This course introduces you to the compensation event process for managing change under the NEC3 Engineering and Construction Subcontract (ECS). This webinar provides an overview of the main provisions of under section 6 of the ECS Contract.

By the end of this course, you will be able to:

1. Explain what Compensation Events are.

2. Outline and follow the key steps in the Compensation Event Process (Notify, Quote and Assess).

3. Explain the method of assessment.

4. Be aware of the sanctions for non-compliance.