Creating a Compensation Event Assessment

To create an assessment of an NEC4 compensation event:

Navigate to your Contract Shell.
From the left Navigator, select Tasks.
Select the compensation event task from your Tasks page. The Compensation Event Assessment form is displayed.
Select Accept to accept the task.
Complete the required fields. You cannot send this form without completing the required fields.
Select the clause picker icon next to the Compensation Event Assessment Clause field to view all clauses available for selection.
Select the Assessment Breakdown tab to begin adding the cost line items.
Select Add and choose the type of line item you want to add. The options displayed are: Lump Sum, Unit Cost, Variable Unit Cost, and Modify Committed Line Item.
Complete the required fields and click Save to add the line item to the Assessment Breakdown.
If required, add multiple line items by repeating steps 8 and 9.
Select the Key/Sectional Completion Dates tab to submit sectional dates. For more information, see topic Adding Key/Sectional Completion Dates.
Once all fields have been filled in, select Send to submit the compensation event assessment for internal review.
- Note, during the internal review stage, you can submit a Response Time Extension. For more information, see topics Notifying Response Time Extension and Replying to Response Time Extension for more information on how to submit and respond to extension of time.
- After completing the internal review stage, the system auto creates a task for the Financial Administrator to allocate costs.

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Compensation Event Assessment: Adding Financial Breakdown

Last Published Monday, January 6, 2025