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Getting to Grips with Compensation Events under NEC4 PSC

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:

  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