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BackNorthgate Interiors Ltd: cost value reconciliation
Month-end August 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 |
£489,000 |
£422,350 |
£66,650 |
13.6% |
−0.38 pp |
£25,200 |
4, 7 |
| J102 Riverside school extension |
£265,600 |
£259,000 |
£6,600 |
2.5% |
−5.60 pp |
£20,280 |
2, 4, 6 |
| J103 Mill Lane offices fit-out |
£145,000 |
£123,250 |
£21,750 |
15.0% |
0.00 pp |
£28,025 |
4 |
| Total | £899,600 | £804,600 | £95,000 | 10.6% | | £73,505 | |
J101 Station Road flats, for Hallam Build Ltd
Forecast margin down 0.38 pp on last month, to 13.6% (−£950). Biggest movements: Recognised change +£6,600; Materials −£6,400; Site overheads +£5,350.
| This month | Last month | Movement |
|---|
| Forecast final value | £489,000 | £482,400 | +£6,600 |
| Forecast final cost | £422,350 | £414,800 | +£7,550 |
| Forecast margin | £66,650 | £67,600 | −£950 |
| Margin % | 13.6% | 14.0% | −0.38 pp |
| Internal valuation | £224,000 | £159,400 | +£64,600 |
| Cost to date (incl. accruals) | £199,100 | | |
| Cash | To date |
|---|
| Applied | £233,500 |
| Valued by main contractor | £216,000 |
| Paid | £180,000 |
| Retention held | £10,800 |
| Outstanding | £25,200 |
| Why the margin moved | £ |
|---|
| Recognised change | +£6,600 |
| Own labour | −£4,000 |
| Labour-only subs | −£500 |
| Materials | −£6,400 |
| Plant & access | −£2,000 |
| Site overheads | +£5,350 |
| Margin movement | −£950 |
| Checks to look at |
|---|
| 4. Cost to complete is just budget less cost to date: Sub-subcontract. |
| 7. Main contractor valuing below our application, three months running: 7.5% below our application this month. |
J102 Riverside school extension, for Calder Construction Ltd
Forecast margin down 5.60 pp on last month, to 2.5% (−£14,400). Biggest movements: Own labour −£10,000; Recognised change +£5,600; Labour-only subs −£5,000.
| This month | Last month | Movement |
|---|
| Forecast final value | £265,600 | £260,000 | +£5,600 |
| Forecast final cost | £259,000 | £239,000 | +£20,000 |
| Forecast margin | £6,600 | £21,000 | −£14,400 |
| Margin % | 2.5% | 8.1% | −5.60 pp |
| Internal valuation | £130,100 | £82,000 | +£48,100 |
| Cost to date (incl. accruals) | £123,200 | | |
| Cash | To date |
|---|
| Applied | £128,000 |
| Valued by main contractor | £124,000 |
| Paid | £100,000 |
| Retention held | £3,720 |
| Outstanding | £20,280 |
| Why the margin moved | £ |
|---|
| Recognised change | +£5,600 |
| Own labour | −£10,000 |
| Labour-only subs | −£5,000 |
| Materials | −£4,000 |
| Plant & access | −£500 |
| Site overheads | −£500 |
| Margin movement | −£14,400 |
| Checks to look at |
|---|
| 2. Accruals carried from an earlier month: Confirm 1 carried accrual(s). |
| 4. Cost to complete is just budget less cost to date: Sub-subcontract. |
| 6. Big margin move, or well above tender: Forecast margin moved -5.60 pp. |
J103 Mill Lane offices fit-out, for Pennine Interiors Ltd
The forecast margin is unchanged from the tender at 15.0%.
| This month | Tender | Movement |
|---|
| Forecast final value | £145,000 | £145,000 | £0 |
| Forecast final cost | £123,250 | £123,250 | £0 |
| Forecast margin | £21,750 | £21,750 | £0 |
| Margin % | 15.0% | 15.0% | 0.00 pp |
| Internal valuation | £30,500 | £0 | +£30,500 |
| Cost to date (incl. accruals) | £24,700 | | |
| Cash | To date |
|---|
| Applied | £30,000 |
| Valued by main contractor | £29,500 |
| Paid | £0 |
| Retention held | £1,475 |
| Outstanding | £28,025 |
| Why the margin moved | £ |
|---|
| Margin movement | £0 |
| Checks to look at |
|---|
| 4. Cost to complete is just budget less cost to date: Own labour, Labour-only subs, Materials, Plant & access, Sub-subcontract, Site overheads. |