Built Intelligence

What are the Compensation Events in the NEC4 TSC?

What are the Compensation Events in the NEC4 TSC?

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This module focuses on the compensation event definitions in core clause 60.1. At the end of the module, learners will have a better understanding of the events to be able to:
  1. Decide whether an event which happens on their contract is or is not a compensation event.
  2. Avoid some of the pitfalls which prevent the efficient operation of these clauses.