for Calder Construction Ltd · order £260,000, tender margin 12.0%
| This month | Last month | Movement | |
|---|---|---|---|
| Forecast final measure | £260,000 | £260,000 | £0 |
| Recognised change | £0 | £0 | £0 |
| Less deductions / contras | £0 | £0 | £0 |
| 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 |
| Forecast margin % | 8.1% | 12.0% | −3.92 pp |
| Against tender | −3.92 pp | ||
| Internal valuation (not cash) | £82,000 | £40,000 | +£42,000 |
| Margin to date (valuation less cost to date) | £4,300 | £6,000 | −£1,700 |
| Over / (under) measure | £2,000 | £1,000 | +£1,000 |
| Accruals as a share of cost to date | 2.8% |
| Head | Budget | Ledger | Accruals | To complete | Forecast final | Moved | Basis |
|---|---|---|---|---|---|---|---|
| Own labour | £90,000 | £32,000 | £0 | £62,000 | £94,000 | +£4,000 | Days x rate |
| Labour-only subs | £50,000 | £16,000 | £0 | £36,000 | £52,000 | +£2,000 | Order +/- variations |
| Materials | £60,000 | £19,000 | £2,200 | £43,000 | £64,200 | +£4,200 | Remeasure x current rates |
| Plant & access | £12,800 | £4,500 | £0 | £8,300 | £12,800 | £0 | Time-related lazy |
| Sub-subcontract | £8,000 | £1,000 | £0 | £7,000 | £8,000 | £0 | Order +/- variations lazy |
| Site overheads | £8,000 | £3,000 | £0 | £5,000 | £8,000 | £0 | Time-related lazy |
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.
| Forecast final measure | £0 |
| Recognised change | £0 |
| Deductions / contras | £0 |
| Own labour | −£4,000 |
| Labour-only subs | −£2,000 |
| Materials | −£4,200 |
| Plant & access | £0 |
| Sub-subcontract | £0 |
| Site overheads | £0 |
| Total = margin movement | −£10,200 |
Ties out to the margin movement.
Plant & access, Sub-subcontract, Site overheads.
Why it matters: That isn't a forecast: it assumes the rest of the job goes exactly to budget, which hides overruns until the end.
What to do: Rebuild cost to complete from the work left to do.
Forecast margin moved -3.92 pp.
Why it matters: Boards distrust a margin that jumps, or one far better than the tender, unless the reason is written down.
What to do: Explain the move in the reasons box before the meeting.
| Our application | £82,000 |
| Main contractor's gross valuation | £80,000 |
| Retention held | £2,400 |
| Deductions accepted | £0 |
| Net due | £77,600 |
| Paid to date (gross of CIS) | £62,000 |
| Outstanding | £15,600 |
| CIS deducted (memo) | £6,200 |
| Jun 2026 | 12.0% | £31,200 |
| Jul 2026 | 8.1% | £21,000 |