Creating a Notification of Compensation Event (Short Contract)
You can send a notification of an NEC4 compensation event on a short form contract. This notification includes a quotation.
To create a notification of compensation event (short contract):
- Navigate to your Contract Shell.
- From the left Navigator, select Compensation Events, and then select Notification of Compensation Event (Short Contract).
- Select Create.
The Notification of Compensation Event (Short Contract) form is displayed.
- Complete all the required fields in the notification.
You cannot send this form without completing the required fields.
- Select the clause picker icon next to Notification Compensation Event Clause to view all clauses available for selection on this notification.
- To populate the Contract Financial Breakdown, select Reference Commit.
- Select the Quotation Breakdown tab to complete the cost line items.
- Select Add to select the line item type.
- Complete all the required fields and select Save to add the line item to the quotation items.
If required, you can add multiple line items.
- Once you complete all fields, select Send to notify users of the compensation event.
- You can now access the notification from the left Navigator by selecting Compensation Events, and then selecting Notification of compensation Event (Short Contract).
- The application creates a task for the project manager/service manager/client to review the notification.
Last Published Monday, January 6, 2025