NEC4 · ECC 63.1
dividing date
The date that splits a compensation event's cost into actual Defined Cost before it and forecast Defined Cost after it. It is the date of the triggering instruction or notification.
On the Aldermere project
CE007's dividing date is 6 March 2026: actual Defined Cost GBP 6,153.15 and forecast GBP 67,000.00.
Also written as
- dividing dates
Where you meet it
- Module 7: The programmePractitioner Course
- Module 9: Compensation events: quotations, assessment and implementationPractitioner Course
- Module 8: The Short Schedule and pricing compensation eventsPayment and Defined Cost
- Module 9: Inflation and the target: Option X1Payment and Defined Cost
- Module 6: Time: the programme, prevention and concurrencyCase Law
- Module 9: Compensation events: assessment and proofCase Law
- Module 7: Valuing changeNEC4 vs FIDIC 2017
- Module 2: There are no clarificationsValid compensation events