Step 4: Assessment of Compensations
In accordance with Cl 43.3, the Contractor’s submission shall be assessed by the Project Manager as soon as it has been provided. In order to meet this requirement, the Resident Engineer shall provide a recommendation to the Project Manager within 7 days of the Contractor submitting his full particulars.
If the Contractor’s forecast is considered reasonable by the Project Manager, (as per recommendations from the Resident Engineer), the Project Manager shall seek the Project-in-Charge’s agreement to adjust the Contract Price.
If the Project Manager (with a recommendation from the Resident Engineer) deems the Contractor’s submission unreasonable, the Project Manager shall make his own forecast, and shall seek the Project-in-Charge’s agreement to adjust the Contract Price accordingly, for detail please refer▬►PPMO: SBD for Bridge, GCC Clouse 43.3: Compensation Events