Birmingham city

RICS in Birmingham - Assessing compensation events (the Perfect Quotation)

Wed 14 May 2025 08:30 - 10:45 BST 1.5 Hours Formal CPD

RICS, 55 Colmore Row, Birmingham, B3 2AA

In-Person

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

Speakers

Nick Sunderland MRICS

Director, Sunderland Ives

Price summary

Free for RICS members

Free

Non-Member Ticket

GBP £10 + VAT

Free

Free for RICS members