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BackNorthgate Interiors Ltd: cost value reconciliation
Month-end July 2026. Draft: not yet signed off. Worked example (fictional company).
| Job | Forecast value | Forecast cost | Margin | % | Moved | Cash outstanding | Checks to look at |
|---|
| J101 Station Road flats |
£482,400 |
£414,800 |
£67,600 |
14.0% |
+0.01 pp |
£19,400 |
4 |
| J102 Riverside school extension |
£260,000 |
£239,000 |
£21,000 |
8.1% |
−3.92 pp |
£15,600 |
4, 6 |
| Total | £742,400 | £653,800 | £88,600 | 11.9% | | £35,000 | |
J101 Station Road flats, for Hallam Build Ltd
Forecast margin up 0.01 pp on last month, to 14.0% (+£400). Biggest movements: Recognised change +£2,400; Own labour −£1,000; Labour-only subs −£1,000.
| This month | Last month | Movement |
|---|
| Forecast final value | £482,400 | £480,000 | +£2,400 |
| Forecast final cost | £414,800 | £412,800 | +£2,000 |
| Forecast margin | £67,600 | £67,200 | +£400 |
| Margin % | 14.0% | 14.0% | +0.01 pp |
| Internal valuation | £159,400 | £95,000 | +£64,400 |
| Cost to date (incl. accruals) | £152,300 | | |
| Cash | To date |
|---|
| Applied | £162,000 |
| Valued by main contractor | £152,000 |
| Paid | £125,000 |
| Retention held | £7,600 |
| Outstanding | £19,400 |
| Why the margin moved | £ |
|---|
| Recognised change | +£2,400 |
| Own labour | −£1,000 |
| Labour-only subs | −£1,000 |
| Margin movement | +£400 |
| Checks to look at |
|---|
| 4. Cost to complete is just budget less cost to date: Materials, Plant & access, Sub-subcontract, Site overheads. |
J102 Riverside school extension, for Calder Construction Ltd
Forecast margin down 3.92 pp on last month, to 8.1% (−£10,200). Biggest movements: Materials −£4,200; Own labour −£4,000; Labour-only subs −£2,000.
| This month | Last month | Movement |
|---|
| Forecast final value | £260,000 | £260,000 | £0 |
| Forecast final cost | £239,000 | £228,800 | +£10,200 |
| Forecast margin | £21,000 | £31,200 | −£10,200 |
| Margin % | 8.1% | 12.0% | −3.92 pp |
| Internal valuation | £82,000 | £40,000 | +£42,000 |
| Cost to date (incl. accruals) | £77,700 | | |
| Cash | To date |
|---|
| Applied | £82,000 |
| Valued by main contractor | £80,000 |
| Paid | £62,000 |
| Retention held | £2,400 |
| Outstanding | £15,600 |
| Why the margin moved | £ |
|---|
| Own labour | −£4,000 |
| Labour-only subs | −£2,000 |
| Materials | −£4,200 |
| Margin movement | −£10,200 |
| Checks to look at |
|---|
| 4. Cost to complete is just budget less cost to date: Plant & access, Sub-subcontract, Site overheads. |
| 6. Big margin move, or well above tender: Forecast margin moved -3.92 pp. |