NEC4 ECC Compensation Events
12% OFF WITH CODE N2COMP87
Compensation events are a core mechanism of the NEC4 ECC contract, offering a fair and structured way to manage change in terms of time and cost. However, to be effective, they must be handled correctly - starting from early warnings and proper notifications, through to quotation, assessment, and implementation.
This workshop takes a practical approach at how compensation events work, the common pitfalls to avoid, and how to use the contract to reduce disputes and maintain progress. With real-life examples and step-by-step walkthroughs of key processes, delegates will leave with greater clarity and confidence in managing change under the ECC.
This course starts at 09:00 and finishes at 17:00 with refreshment breaks mid-morning and afternoon, plus lunch. It provides 6 Hours formal CPD.
All timings, except the start time, are approximate and may be adjusted to suit natural breaks in the sessions.
- Session 1 What are compensation events?
- Session 2 Early warnings and actions before the event
- Session 3 Notification process and timescales
- Session 4 Assessing time and cost impacts
- Session 5 Understanding Defined Cost and cost components
- Session 6 Practical tips for managing compensation events
- Session 7 Case studies and common pitfalls
- Session 8 Summary and Open forum
At the end of the course participants should be able to:
- Describe the purpose of compensation events and the processes
- Apply the required compensation event processes of notification, quotation, assessment and implementation.
- Recognise the difference and interaction between early warnings and compensation events.
- Identify, prepare quotations for and make assessments of compensation events
This course is ideal for those already working with the NEC4 ECC contract who are involved in managing or assessing change and want to sharpen their understanding of compensation event procedures.
It’s especially relevant for:
- Project Managers, Supervisors, and commercial teams responsible for administering compensation events
- Quantity surveyors preparing quotations and cost assessments
- Client and contractor teams involved in approvals, reviews, or decision-making
- Anyone seeking to improve compliance and reduce disputes when managing contractual change
Note: Prior knowledge of the NEC4 ECC contract is expected.
Virtual Training
Product code: L46314