Contact

Compensation events under the NEC3 Engineering and Construction Contract

Back to top

Compensation events under the NEC3 Engineering and Construction Contract

Those who have worked with the NEC3 Engineering and Construction Contract know that compensation events are at the very heart of how change is managed and those who have heard of the standard form may have heard of the word "compensation event".

5 Jun 2025 10:22 Minutes Podcast
Compensation events under the NEC3 Engineering and Construction Contract

Compensation events under the NEC3 Engineering and Construction Contract

Podcast

Compensation events under the NEC3 Engineering and Construction Contract

Podcast

00:00 00:00
Download MP3

Those who have worked with the NEC3 Engineering and Construction Contract know that compensation events are at the very heart of how change is managed and those who have heard of the standard form may have heard of the word "compensation event". But what exactly are they, and what is expected of the contractor and project manager when a compensation event occurs?

Join Associate, Zodwa Malinga and Associate Designate, Lakeen Kowlas from our Dispute Resolution practice and part of the Construction & Engineering sector, as they discuss compensation events under the NEC3 Engineering and Construction Contract.

Click here to listen to the podcast.

The information and material published on this website is provided for general purposes only and does not constitute legal advice. We make every effort to ensure that the content is updated regularly and to offer the most current and accurate information. Please consult one of our lawyers on any specific legal problem or matter. We accept no responsibility for any loss or damage, whether direct or consequential, which may arise from reliance on the information contained in these pages. Please refer to our full terms and conditions. Copyright © 2025 Cliffe Dekker Hofmeyr. All rights reserved. For permission to reproduce an article or publication, please contact us cliffedekkerhofmeyr@cdhlegal.com.

You might also be interested in

23 Jan 2025

by Emil Brincker and Mariska Delport

Your interest-free loan to a foreign trust can now be subject to both donations tax and transfer pricing adjustments: The interplay between section 7C and transfer pricing rules

Many South Africans use foreign trust structures for tax-efficient asset protection and estate planning. Consequently, the recent amendment to section 7C of the Income Tax Act 58 of 1962 (ITA), in the context of low or interest-free loans to a foreign trust by a connected person, is critical to ensuring that such trusts achieve their intended objectives without contravening the trust anti-avoidance provisions.

Tax & Exchange Control

6 min read

6 Nov 2024

by Lucinde Rhoodie and Evangelia Goulas

Insolvency: The battle between applicant and intervening creditors

At its best, the law of insolvency is a constant battlefield, with competing interests of creditors taking centre stage. No more so than in a situation where there are intervening creditors in a liquidationapplication. 

Corporate Debt, Turnaround & Restructuring

3 min read

19 Mar 2025

by Tayyibah Suliman and Izabella Gutlar-Balkovic

New CCTV by-law from the City of Johannesburg

The council for the City of Johannesburg Metropolitan Municipality (CoJ) recently approved the Privately-Owned Closed-Circuit Television Surveillance Camera By-Law (CCTV Camera By-Law). The CCTV Camera By-Law aims to promote the lawful and constitutional use of closed-circuit television (CCTV) cameras in public areas through the regulation and registration of privately-owned CCTV surveillance cameras. According to the CoJ, this is in the hopes of creating a safer city and safeguarding the constitutional rights to human dignity privacy, security of persons, freedom of movement and general well-being of the community.

Corporate & Commercial Law

5 min read

20 Feb 2025

by Brian Muchiri and Nicole Gacheche

Protecting Kenyans from crypto scams: How the VASP Bill, 2025 aims to stop pump-and-dump schemes

The rise of cryptocurrencies in Kenya has been nothing short of remarkable, with many viewing digital assets as a fast track to financial success. Kenya now stands among the leading nations in Africa for cryptocurrency adoption, and thousands of people are investing in these new financial instruments.

Banking, Finance & Projects

4 min read

17 Jul 2024

by Lucinde Rhoodie

Lucinde Rhoodie joined Refilwe Motsie on Jozi FM to unpack the difference between business rescue and liquidation

Business Rescue & Insolvency sector Director Lucinde Rhoodie joined Refilwe Motsie on Jozi FM to discuss The difference between business rescue and liquidation.

Corporate Debt, Turnaround & Restructuring

11:27 Minutes

11 Jun 2025

by Tayyibah Suliman, Sadia Rizvi and Pebetsi Letsoalo

Implications for crypto asset service providers from High Court ruling on crypto and exchange control

In the case of Standard Bank of South Africa v South African Reserve Bank and Others (047643/2023) ZAGPPHC 481 (delivered 15 May 2025), the Gauteng High Court ruled that South Africa’s current Exchange Control Regulations do not apply to cryptocurrency transactions. Although the ruling has been suspended pending an appeal, the judgment carries significant implications for crypto asset service providers, crypto exchanges, fintech, and institutional players operating in the crypto asset space.

Technology & Communications

4 min read

This website uses cookies to enhance the browsing experience. For more information, please see our Cookie Policy.

Accept Decline