We (main contractor) have compensation event which is a back-to-back compensation event with our Subcontractor.
We have obtained a quotation(lump sum) from our Subcontractor and we have included this value in our compensation event quotation which we have submitted to the NECPM.
The NECPM is stating that the Subcontractor's quotation is too high.
We have discussed this with our Subcontractor but he wont reduce his price.
Under the NEC contract are the main contractor and the NECPM obliged to do in this situation?
We have obtained a quotation(lump sum) from our Subcontractor and we have included this value in our compensation event quotation which we have submitted to the NECPM.
The NECPM is stating that the Subcontractor's quotation is too high.
We have discussed this with our Subcontractor but he wont reduce his price.
Under the NEC contract are the main contractor and the NECPM obliged to do in this situation?