How to Set Up MC Contracts and Generate Payment Statements

MC contracts in Mastt let you manage main managing contractor agreements and generate structured payment statements. Use this guide to set up an MC contract with categorised line items, enter a progress claim, and generate an MC payment statement that groups amounts by cost category. 

Before You Start

• You have contract details and line item breakdowns ready
• You have identified the Commonwealth representative, contractor, and PMCA for the contract

Setting Up the MC Contract

Create the Contract

1. Go to the Cost module in your project.
2. Click Add Contract.
3. Select MCC Standard from the contract type options.
4. Enter the Commonwealth representative details.
5. Enter the Contractor details.
6. Enter the PMCA (Project Management Consultant Administrator) details.
7. Enter any additional contract information as required.

Add Line Items

1. Go to the line items section of the contract form.
2. Enter each line item and select the correct cost category:
   • Work Fee Planning
   • Work Fee Delivery
   • Self-Performance
   • Management Fee Incentive
   • Other
3. Enter comments and attach documents if needed.
4. Click Add to save the contract.

Processing a Progress Claim

1. Go to the Cost module in your project.
2. Click Add Payment.
3. Select the MC contract you created.
4. Enter the claimed amounts for each line item.
5. Click Add to save the payment.

Generating the MC Payment Statement

1. Go to the payment you created.
2. Click the Action button (⋯) next to the payment.
3. Select MC Payment Statement.
4. Check the generated statement to confirm that all line items appear in the correct sections based on cost category.

The MC payment statement displays all line items grouped by cost category, with previous amounts and current payment amounts clearly separated.

Troubleshooting & FAQs

Q: What if contract information is missing from the payment statement?

Make sure all required fields are completed in the contract setup. Check the Commonwealth representative and PMCA details in particular.

Q: Why are amounts appearing in the wrong sections of the statement?

Check the cost category assigned to each line item in your contract setup. Each cost category determines where the amount appears on the MC payment statement. Update the category and regenerate the statement. 

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