How to Set Up MC Contracts and Generate Payment Statements

MC contracts help you manage main managing contractor agreements and generate professional payment statements. Use this process when setting up new MC contracts and processing progress claims in Mastt.

Before you start:

• Ensure you have contract details and line item breakdowns ready
• Confirm roles and representatives for Commonwealth, contractor, and PMCA

Steps

Set up the MC contract

1. Open the Add Contract form
2. Select MCC standard from the contract type options
3. Fill in the required roles:
   • Commonwealth representative
   • Contractor details
   • PMCA (performing contract administrator role)
4. Break down the contract into line items
5. Assign the correct cost category to each line item:
   • Work fee planning
   • Work fee delivery
   • Self-performance
   • Management fee incentive
   • Other
6. Add comments and attachments if needed
7. Click Add to save the contract

Process the first progress claim

1. Create a new payment and select your MC contract
2. Enter amounts for each line item in the progress claim
3. Click Add to save the payment

Generate the MC payment statement

1. Navigate to the payment you just created
2. Click on the three dots next to the payment and select MC Payment Statement
3. Review the generated statement - amounts will appear in the correct sections based on your cost categories

Result: The MC payment statement will display all line items in the appropriate sections, with previous amounts and current payment amounts clearly separated.

Troubleshooting

• Problem: Missing contract information in statement Solution: Ensure all required fields are completed in the contract setup
• Problem: Amounts appearing in wrong sections Solution: Check cost category assignments for each line item