Pricing compensation events under NEC3® - what you need to know

As the saying goes, “you don’t know what you don’t know”.

Estimating uncertainty in construction is nothing new.

But things work a little different when it comes to tackling the issue under the new NEC3® contracts.

Contracting parties need to be aware of the risks they are taking in using assumptions when pricing compensation event quotations.

Click on the below document to get to the bottom of what you need to know.

Posts and articles are published here solely for informational purposes. The content contained therein may be brief and is intended to offer general guidance that may be of interest. The information provided is not intended to replace or serve as a substitute for any professional advice, consultation or service.

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