Contractor prices their own risks under option A and spreads that across their activities within the activity schedule items. The "Risk Register" as currently called under NEC3 but soon to be called "Early Warning Register" under NEC4 does not exist until post contract. It includes risk identified in CD part 1&2 and then all early warnings raised on the project as it progresses.
This is a compensation event only if it is something you can prove was not what you would have expected to pass the test of 60.1(12). It is about what you should have allowed for rather than what you did allow for. therefore it is very important that you price the risk accordingly at tender stage. There are no such things as "risk pots" as part of the contract.
This is a compensation event only if it is something you can prove was not what you would have expected to pass the test of 60.1(12). It is about what you should have allowed for rather than what you did allow for. therefore it is very important that you price the risk accordingly at tender stage. There are no such things as "risk pots" as part of the contract.