Question: NEC 4 If there is no Accepted Programme when the Contractor submits a quotation for a compensation event, which TWO of the following statements are

NEC

4

If there is no Accepted Programme when the Contractor submits a quotation for a compensation event, which TWO of the following statements are correct?

Select TWO options

The Contractor or the Project Manager may assess the compensation event

The compensation event should be assessed within three weeks of when it becomes apparent that the Project Manager's assessment is needed

One quarter of the Defined Cost assessed for the compensation event should be retained from the change to the Prices

The Project Manager should assess the compensation event

The compensation event should be assessed within the same period allowed for the Contractor to submit the quotation

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