Compensation events and early warning

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NEC3/NEC4 contracts do not refer to 'variations' or 'loss and expense'. Instead, there are 'compensation events'. Under Core Clause 63.4 in NEC3 and Clause 63.6 in NEC4, the only rights in respect of a compensation event that the Employer/Client and the Contractor have is to make changes to the Prices, the...

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