Nec4 Contract Management Early Warnings, Compensation Events

The most detailed course available for managing early warnings and compensation events with NEC4 contracts.

What you'll learn

Understand why Early Warnings and Compensation Events are critical

Obtain a detailed understanding of the process end-to-end

Obtain practical lessons in how to manage and administer the processes

Develop a system for tracking and managing Early Warnings & Compensation Events

To understand, implement, and manage the full end-to-end process

Requirements

No experience necessary, this course will take you through all the steps from start to finish.

If you have prior NEC experience this will help you apply the learning but it is not mandatory.

Description

Welcome to the complete guide for managing early warnings and compensation events.A full end-to-end process with downloadable resource you can use in your contracts, no need to create them yourself.If you are involved in infrastructure and civil engineering projects you will use NEC contracts during your career. No only are NEC worldwide but they are modern and easy to understand contract with one challenging problem…how do you get your head around how it all works?This course teaches you all components of the early warning and compensation event processes at the heart of the contract, change control. From the first activity of notifying an early warning to implementing a compensation event and all steps in-between.I built this course from over a decade of practical NEC experience, where I have delivered over £500 million of projects. I have seen all situations and have experienced the difficulties of learning "on-the-job", which is why this course will train you to be the best contract manager you can be so you can always be at the top of your game.This course uses practical explanations to work through how the contract is structure including:Explanation of all clauses for early warnings & compensation eventsProcess flow to show who does whatExplain the roles of each party in the contractGraphical explanation of how assessments are madeThe risks and issues of not following the processDon't forget the downloadable resources!Enjoy the course!Ben

Overview

Section 1: Introduction

Lecture 1 Introduction

Lecture 2 Introducing your Trainer & Learning Objectives

Lecture 3 Getting the Most From Udemy

Lecture 4 Course Structure

Section 2: Explanations

Lecture 5 Early Warnings (EWN)

Lecture 6 Compensation Events (CE's)

Lecture 7 Why are EWN's and CE's Important?

Section 3: Deep Dive Early Warnings

Lecture 8 Notifying an Early Warning

Lecture 9 Holding an Early Warning Meeting

Lecture 10 Recording Actions

Lecture 11 Duty Holders

Section 4: Deep Dive Compensation Events

Lecture 12 Notifying a Compensation Event & Responses - Part 1 (Overview)

Lecture 13 Notifying a Compensation Event & Responses - Part 2 (Clauses 61.1 - 61.7)

Lecture 14 Notifying a Compensation Event & Responses - Part 3 (Summary)

Lecture 15 Notifying a Compensation Event & Responses - Part 4 (Templates)

Lecture 16 Preparing Quotations - Part 1 (Intro)

Lecture 17 Preparing Quotations - Part 2 (The Clauses)

Lecture 18 Preparing Quotations - Part 3 (Summary)

Lecture 19 Assessing Compensation Event Quotations - Part 1 (Intro)

Lecture 20 Assessing Compensation Event Quotations - Part 2 (Clauses 63.1 - 63.4)

Lecture 21 Assessing Compensation Event Quotations - Part 3 (Clauses 63.5 - 63.11)

Lecture 22 Assessing Compensation Event Quotations - Part 4 - Cost Assessment Example

Lecture 23 Assessing Compensation Event Quotations - Part 5 - Programme Assessment Example

Lecture 24 Project Manager Assessments - Part 1 (Clauses 64.1 & 64.2)

Lecture 25 Project Manager Assessments - Part 2 (Clauses 64.3 & 64.4)

Lecture 26 Proposed Instructions - Part 1 (Clauses 65.1 & 65.2)

Lecture 27 Proposed Instructions - Part 2 (Clause 65.3)

Lecture 28 Proposed Instructions - Part 3 - Timeline

Lecture 29 Implementation

Section 5: Practice

Section 6: Bonus Section

Lecture 30 Bonus Section

Beginner's who are new to NEC but have a job within the industry where they need to apply NEC knowledge.,Students, Graduates, and Employees who need to use NEC contracts as part of their profession,Anyone who wants to learn about NEC but needs resources to do so.