NEC 3 – Helpful Timeline Diagrams – Back to Basics #34
Over the next few weeks, as part of our Back to Basics series, we thought that we would provide you with some useful diagrams. We have prepared these to help you understand various contract timelines.
These can be printed off (if you are old school) or saved to your computer to act as a useful aide memoire.
Today’s diagrams are for the Compensation Event Notification Timeline under NEC3.
Below is the Timeline for the MAIN CONTRACT:
The Sub-Contract is a similar process BUT the durations are slightly reduced to ensure that the Main Contract can fulfil its obligations.
Below is the Sub-Contract Timeline:
If you need assistance with anything involving Compensation Events under NEC 3 or 4 or any matter associated with these contracts, Ramskill Martin’s Team of Consultants can assist you, whether the time is related to Contract, Commercial or Programming / Time.
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