When you need it
Prepare this quotation when the applicable NEC compensation-event process calls for a priced and programme-based assessment of a defined event, using the actual contract's instructions, assumptions, and assessment rules.
DOCX /
AI tools and documents for engineering and project management.
Compensation Event Quotation
Present a compensation-event quotation with defined cost and programme effects under the selected NEC contract.
How to use this templateThis Word template contains prepared headings, tables, project fields and completion notes. Add your information, review the completed document and remove the notes before issue.
The form prepares a separate brief; it does not fill the Word or Excel file.
Read product descriptions in your language. The Word and Excel template files are in English.
Only selected pages are shown. This is not the complete template. The full editable Word or Excel file is supplied with purchase.
Learning
How to use this template
What it helps you decide
It brings scope, cost components, programme effects, and assumptions together so the recipient can assess a coherent proposal rather than disconnected estimates or unqualified records of actual expenditure.
How to complete it
- Identify Event and instruction references, then define Scope and assessment assumptions using the actual instruction, event boundaries, dates, and relevant records.
- Prepare Cost assessment summary using applicable cost components and fee arrangements, then reference a programme analysis tied to the appropriate programme version.
- Reconcile Quotation summary and exclusions with the attachments, identifying forecast assumptions and unresolved matters while retaining submitted status until the contractual decision.
Who prepares and reviews it
The contractor's commercial lead usually coordinates estimating, planning, engineering, and delivery inputs. The authorized contract role reviews the quotation under the applicable NEC form, with specialist support for disputed assumptions or complex effects.
A mistake to avoid
Treating every incurred cost as recoverable without checking the contract's assessment basis can overstate the quotation and undermine otherwise supported elements.
Illustrative example
Illustrative example: a changed pipe corridor requires temporary supports and a revised installation sequence. The quotation references the event notification, separates recorded preparatory work from forecast activities, and attaches a programme assessment. The reviewer requests clarification of crane availability before deciding the quoted consequences.
Document contents
- Event and instruction references
- Scope and assessment assumptions
- Cost assessment summary
- Programme assessment
- Quotation summary and exclusions
Required inputs
- Project name, location, company, document number and revision
- Actual project scope, source records and responsible roles
Practical tools.
Professional judgment.
Confirm the adopted edition, local amendments, National Annex where relevant, and contract requirements.
Prepare project brief