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Compensation Event Template
Very broadly, compensation events tend to be those events that impact on the completion date, but are not the contractor’s fault. This template will ensure you recover the costs that rightfully belong to your business. Fully NEC compliant.
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About this template
Streamline the management of contract changes with our Compensation Event Template – Excel Format, designed specifically for NEC contract users. This professional, user-friendly spreadsheet allows you to log, assess, and track Compensation Events (CEs) from notification through to agreement and implementation.
Record key dates, descriptions, cost and time implications, status updates, and reference numbers all in one place. Perfect for staying compliant with NEC3 or NEC4 processes while keeping your commercial position clearly documented.
Key Features:
Fully editable Excel format (.xlsx)
Sections for CE reference, description, date notified, quote submitted, accepted, time impact, and cost impact
Built-in status tracker with filters for active, pending, and closed events
Suitable for main contractors, subcontractors, and consultants
Printable layout for progress meetings and audit trails
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