Seminar
RICS in Birmingham - Assessing compensation events (the Perfect Quotation)
Thu 05 Jun 2025
•
08:30 -
10:45 BST
• 1.5 Hours Formal CPD
RICS, 55 Colmore Row, Birmingham, B3 2AA
In-Person
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Free
Free for RICS members
Overview
A morning CPD session hosted by the Birmingham Local Member Group and delivered by Nick Sunderland of Sunderland Ives.
Agenda
- 8:30 – Arrival and networking
- 9:15 – Presentation
- 10:45 – Close
Nick will stay around in the member space following the presentation for any additional questions/discussion
Key topics
- The effect of early warning notices on the assessment of compensation events
- Notifying compensation events (time periods, what is good notice and when does the specified time to notify commence)
- Stating assumptions when effects of a compensation event are uncertain
- Assessing the effect on the Completion Date and Key Dates (updating the programme and who owns the float)
- Assessing the effect on the Prices (inclusion for risk allowances, definition of Defined Cost, importance of Working Areas)
- What is the ‘dividing line’ and should assessments take into account actual cost even if a forecast should be used
- The effect of implemented compensation events
