Implementation of a Compensation Event
A compensation event is implemented when: the Project Manager notifies acceptance of the Contractor’s quotation; the Project Manager notifies the Contractor of an assessment made by the Project Manager; or a Contractor’s quotation is treated as having been accepted by the Project Manager.
Implementation occurs on notification of acceptance of a quotation, notification of a PM assessment, or deemed acceptance.
Deemed acceptance arises under clauses 62.6 and 64.4 after the PM fails to reply.
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