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Section 6Compensation Events

Clause 63.13

CE Assessment — Adjustment

Purpose

The assessment of a CE is adjusted if the event is later found to have a different effect than originally forecast. The adjustment is made by the PM.

Practical Application

Adjustments can increase or decrease the original CE assessment. The PM notifies the Contractor of the adjustment.

Common Pitfalls

The Contractor should track actual costs and time impacts against forecast assessments. Significant discrepancies should be raised with the PM promptly.

📖 This summary is for reference. For the full, authoritative NEC4 contract text — including all amendments, guidance notes, and flow charts — visit the official NEC website.

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⚠️ This commentary is for reference only. Always refer to the full NEC4 contract text and seek professional legal or contractual advice for your specific project.