As we have seen the Accepted Programme is central to risk management. The ethos of the NEC is not to adjust retrospectively to risk but to manage it. To forecast its potential impact and to reduce or avoid it if we can. To the extent we cannot prevent risk materialising the contract is seeking to achieve an agreed basis for adjusting both our actions and contract parameters in time and cost in response to it. We will look at how the NEC4 ECC adjusts the Completion Date but before doing so it is necessary to consider that issue more broadly.

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