Events, dear boy
Language: English Series: Building ; 270(8407) 18 November 2005, 70(1)Publication details: 2005Subject(s): Summary: Warns employers that in the New Engineering Contract (Third Edition) enables a contractor to claim any event that could not have been prevented by the parties or been so unlikely that it would have been unreasonable to have been allowed for as a compensation event. This would give the contractor additional money and an extension of time following a subcontractor insolvency or unexpected shortage of materials or labour. Employer interference in key project dates can also give rise to a compensation event whilst employers' interim payment obligations are increased in the new target cost option.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L131677 (Browse shelf(Opens below)) | 1 | Available | 131677-1001 |
Browsing London shelves, Shelving location: Journal article Close shelf browser (Hides shelf browser)
Warns employers that in the New Engineering Contract (Third Edition) enables a contractor to claim any event that could not have been prevented by the parties or been so unlikely that it would have been unreasonable to have been allowed for as a compensation event. This would give the contractor additional money and an extension of time following a subcontractor insolvency or unexpected shortage of materials or labour. Employer interference in key project dates can also give rise to a compensation event whilst employers' interim payment obligations are increased in the new target cost option.