Common use of Implementing compensation events Clause in Contracts

Implementing compensation events. (a) A compensation event is implemented when: (i) the Superintending Officer notifies the Contractor of the acceptance of the Contractor's quotation; (ii) the Superintending Officer notifies the Contractor of an assessment made by the Superintending Officer; or (iii) a Contractor's quotation is deemed as accepted by the Superintending Officer pursuant to sub-clause 32.4(d). (b) When a compensation event is implemented, the Contract Sum and/or the Time for Completion are changed accordingly, and (i) any change to the Contract Sum including any amount thereon shall be included/incorporated in interim certificates issued by the Superintending Officer pursuant to Clause 42; (ii) any change to the Time for Completion shall be notified by the Superintending Officer to the Contractor in a certificate (hereinafter referred to as the “Certificate of Extension of Time”), a copy of which shall also be extended to: (1) the Employer; and (2) where it involves a Nominated Sub-Contractor or Nominated Supplier (if Option Module C applies) then to the said Nominated Sub-Contractor or Nominated Supplier. (c) The Superintending Officer may revise his assessment of Time for Completion of an implemented compensation event made by extending the Time for Completion at any time prior to the issuance of the Final Certificate under Clause 42.8 if in his opinion, the granting of such is fair and reasonable. (d) The assessment of an implemented compensation event is not revised except as stated in the Conditions 33.1 Exclusive Use for the Works (a) All Construction Plant, Temporary Works, Equipment, materials and goods provided by the Contractor shall, when brought on to the Site, be deemed to be exclusively intended for the execution of the Works. (b) The Contractor shall not without the written consent of the Superintending Officer remove such Construction Plant, Temporary Works, Equipment, materials or goods or any part of the same except for the purpose of moving it within the Site. Provided that the consent of the Superintending Officer shall not be required for vehicles engaged in transporting any staff, labour, Construction Plant, Equipment, materials or goods to and from the Site.

Implementing compensation events. (a) A compensation event is implemented when: (i) the Superintending Officer notifies the Contractor of the acceptance of the Contractor's quotation; (ii) the Superintending Officer notifies the Contractor of an assessment made by the Superintending Officer; or (iii) a Contractor's quotation is deemed as accepted by the Superintending Officer pursuant to sub-clause 32.4(d). (b) When a compensation event is implemented, the Contract Sum and/or the Time for Completion are changed accordingly, and (i) any change to the Contract Sum including any amount thereon shall be included/incorporated in interim certificates issued by the Superintending Officer pursuant to Clause 42; (ii) any change to the Time for Completion shall be notified by the Superintending Officer to the Contractor in a certificate (hereinafter referred to as the “Certificate of Extension of Time”), a copy of which shall also be extended to: (1) the Employer; and (2) where it involves a Nominated Sub-Contractor or Nominated Supplier (if Option Module C applies) then to the said Nominated Sub-Contractor or Nominated Supplier. (c) The Superintending Officer may revise his assessment of Time for Completion of an implemented compensation event made by extending the Time for Completion at any time prior to the issuance of the Final Certificate under Clause 42.8 if in his opinion, the granting of such is fair and reasonable. (d) The assessment of an implemented compensation event is not revised except as stated in the Conditions. . 33.1 Exclusive Use for the Works (a) All Construction Plant, Temporary Works, Equipment, materials and goods provided by the Contractor shall, when brought on to the Site, be deemed to be exclusively intended for the execution of the Works. (b) The Contractor shall not without the written consent of the Superintending Officer remove such Construction Plant, Temporary Works, Equipment, materials or goods or any part of the same except for the purpose of moving it within the Site. Provided that the consent of the Superintending Officer shall not be required for vehicles engaged in transporting any staff, labour, Construction Plant, Equipment, materials or goods to and from the Site.