Bookshelf

 

CICES digital training partners Built Intelligence update

June brings lots of webinars, digital learning, and support from Built Intelligence (BI) with lots of free and premium one hour learning sessions and courses. Highlights include a session with business leader Darren Evans on the impact of sustainability issues in development and construction on 14 June. Check out this month’s webinar schedule at www.builtintelligence.com/blogs/home/ webinar-schedule-june-2022.

In addition, there are some great conversations and Q&As happening on ReachBack, BI’s free technical helpdesk, with a library of thousands of pre-asked questions curated by industry experts.

There are also new blogs, support and information which can be found on its website.

All CICES members are eligible for a 25% discount on the annual subscription charge for access to over 700 premium CPD accredited training courses – for more information please log on to the Built Intelligence website. For discount use the code cices-bi-launch when subscribing. For details of all the resources Built Intelligence have to offer check out their website at www.builtintelligence.com. 

NEC4: Defined Costs and Compensation Events

Patrick Waterhouse

Paperback, ICE Publishing £50.00

256 Pages

ISBN-13: 9780727765604

Patrick Waterhouse’s new book is a welcome addition to my shelf in the office dedicated to all things NEC.

The book takes the reader through the compensation event process set out in section 6 of the Engineering and Construction Contract Conditions, starting with an explanation of what the various types of compensation events, that any user of the NEC forms will be likely to encounter. The reader is then taken through the four-stage compensation event process of:

Having thoroughly explained the compensation event process, Mr Waterhouse’s book then moves on to explain the role played by defined cost in both the priced and cost reimbursable versions of the ECC.

Defined cost is used in the ECC to establish either, the amount to be paid in respect of a compensation event or the price for work done to date, depending on the ECC option chosen.

This book demystifies both the use of the schedule of cost components and the shorter schedule of cost components in establishing the defined cost.

The book is all about practical application of the ECC, it does not get bogged down in legal theory or case law and will be of use to both practitioners like myself and students alike.

Sean Smylie

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