Question: NEC 4 Engineering and Construction Contract main Option C , secondary Option X 1 , X 2 , X 7 , X 1 0 ,
NEC Engineering and Construction Contract main Option C secondary Option X X X X X X and XWhen assessing a change to the Prices for a compensation event for this contract, which TWO of the following statements are correct?
Select TWO options
A change to the Prices is assessed as the effect of the event upon the Defined Cost of the work done, the forecast Defined Cost of the work still to be done plus the resulting Fee
The Defined Cost is the cost of components in the Short Schedule of Cost Components
A change to the Prices is assessed as the effect of the event upon the actual Defined Cost of the work done by the dividing date, the forecast Defined Cost of the work not done by the dividing date plus the resulting Fee
The Defined Cost is the cost of components in the Schedule of Cost Components
A change to the Prices is assessed as the effect of the event upon the actual Cost of the work done by the dividing date, the forecast Defined Cost of the work not done by the dividing date plus the resulting Fee
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
