NEC4 Assessing compensation events part 2 - Price скачать в хорошем качестве

NEC4 Assessing compensation events part 2 - Price

Why deleting a £90,000 building doesn't give you £90,000 back. Most practitioners—even experienced QSs and commercial managers—get NEC4 price assessment wrong. They compare the activity schedule price with the forecast defined cost of the new work. That's NOT what clause 63.1 says. This webinar reveals the double exercise that isolates the true effect of compensation events whilst preserving the contractor's tendering position. 🎯 What You'll Learn: ✅ Why clause 63.1 confuses 90% of construction professionals ✅ The double exercise: defined cost WITH and WITHOUT the CE ✅ Worked example: Deleting a £90k M&E plant building (two scenarios) ✅ Worked example: Changing a concrete beam specification ✅ When to use clause 63.2 agreement vs 63.1 defined cost ✅ The fee on omissions debate (and why contractors must give it back) ✅ How the dividing date protects your risk allowances for price ✅ Common mistakes that cost projects thousands 📺 TIMESTAMPS 00:00 Introduction & Welcome 01:42 CECA Introduction - David Allen 03:22 Session Overview - What We'll Cover Today 05:16 What Is a Compensation Event? (Quick Recap) 07:19 The Compensation Event Process 09:05 Clause 63.1 Introduction - The Bit Everyone Gets Wrong 10:04 The Dividing Date Recap (Critical for Price Assessment) 12:00 Dividing Date Examples - Prospective vs Retrospective 15:28 Clause 63.2: Agreement to Use Rates (When & Why) 19:19 Agreement Must Be Mutual - Neither Party Can Insist 20:10 Clause 63.1: The Default Approach Explained 22:08 EXAMPLE 1: Deleting a £90,000 M&E Plant Building 27:33 Scenario 2: Different Cost Base (£100k vs £70k) 30:09 Fee on Omissions - Why Contractors Must Give It Back 32:22 EXAMPLE 2: Changing a Concrete Beam Specification 34:30 Alternative Scenario - When Defined Cost Exceeds Price 36:25 No Gamesmanship in Tender Pricing 40:17 Summary of Key Points 43:08 Updating the Prices - Activity Schedules & BOQs 44:37 Common Problems and How to Avoid Them 49:02 Q&A: Can PM Request CE Split (Cost vs Time)? 53:12 Q&A: Assessing Quotation Accuracy 55:40 Q&A: Dealing with Repeated Revision Requests 59:12 Next Episode Preview & Closing Remarks 🔑 KEY TAKEAWAYS 1. The Double Exercise (Not Price vs Cost) The change to prices ≠ tender price minus new cost. You must calculate: (defined cost WITHOUT CE) minus (defined cost WITH CE) This isolates the pure effect whilst preserving the tendering position. 2. Use Clause 63.2 Where Sensible For low-value CEs with similar work, agree rates by mutual consent. Don't spend £800 fine-tuning a £1,250 assessment. Both parties must agree—neither can insist. 3. The Dividing Date Protects Risk Allowances The dividing date is static—it doesn't reset with revised quotations. For instruction-based events, it's the instruction date (prospective only). You can't reclaim home insurance after a safe year—same principle applies. ——— ABOUT GATHER: Gather is the AI-powered site diary and commercial record management system built for UK construction. Trusted by Balfour Beatty, Costain, Murphy, Amey, and Network Rail. GUIDES: 📖 NEC4 Contracts: https://www.gatherinsights.com/en/nec4 📖 Site Diaries: https://www.gatherinsights.com/en/sit... 📖 AI in Construction: https://www.gatherinsights.com/en/ai-... RESOURCES: 📅 Book a demo: https://www.gatherinsights.com/en/boo... 🔗 Website: https://www.gatherinsights.com 📧 The AI QS Newsletter:   / the-ai-qs-7354050754480906242   📚 Resources: https://www.gatherinsights.com/en/res... CONNECT: 💼 LinkedIn:   / gather-insights   🐦 Twitter:   / gatherappuk   📸 Instagram:   / gather.insights   #Gather #SiteDiary #Construction #NEC4 #ConstructionTech #UKConstruction