for Hallam Build Ltd · order £480,000, tender margin 14.0%
| This month | Last month | Movement | |
|---|---|---|---|
| Forecast final measure | £480,000 | £480,000 | £0 |
| Recognised change | £9,000 | £2,400 | +£6,600 |
| Less deductions / contras | £0 | £0 | £0 |
| 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 |
| Forecast margin % | 13.6% | 14.0% | −0.38 pp |
| Against tender | −0.37 pp | ||
| Internal valuation (not cash) | £224,000 | £159,400 | +£64,600 |
| Margin to date (valuation less cost to date) | £24,900 | £7,100 | +£17,800 |
| Over / (under) measure | £8,000 | £7,400 | +£600 |
| Accruals as a share of cost to date | 5.7% |
| Head | Budget | Ledger | Accruals | To complete | Forecast final | Moved | Basis |
|---|---|---|---|---|---|---|---|
| Own labour | £150,000 | £78,000 | £3,000 | £74,000 | £155,000 | +£4,000 | Days x rate |
| Labour-only subs | £90,000 | £46,500 | £0 | £45,000 | £91,500 | +£500 | Order +/- variations |
| Materials | £120,000 | £41,000 | £6,400 | £79,000 | £126,400 | +£6,400 | Remeasure x current rates |
| Plant & access | £22,800 | £11,200 | £2,000 | £11,600 | £24,800 | +£2,000 | Time-related |
| Sub-subcontract | £15,000 | £4,000 | £0 | £11,000 | £15,000 | £0 | Order +/- variations lazy |
| Site overheads | £15,000 | £7,000 | £0 | £2,650 | £9,650 | −£5,350 | Time-related |
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.
| Forecast final measure | £0 |
| Recognised change | +£6,600 |
| Deductions / contras | £0 |
| Own labour | −£4,000 |
| Labour-only subs | −£500 |
| Materials | −£6,400 |
| Plant & access | −£2,000 |
| Sub-subcontract | £0 |
| Site overheads | +£5,350 |
| Total = margin movement | −£950 |
Ties out to the margin movement.
Sub-subcontract.
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.
7.5% below our application this month.
Why it matters: A gap that persists is rarely timing. It is usually work they dispute, and it becomes a cash problem.
What to do: Ask for their breakdown and check any pay less notices.
| Our application | £233,500 |
| Main contractor's gross valuation | £216,000 |
| Retention held | £10,800 |
| Deductions accepted | £0 |
| Net due | £205,200 |
| Paid to date (gross of CIS) | £180,000 |
| Outstanding | £25,200 |
| CIS deducted (memo) | £16,200 |
| Jun 2026 | 14.0% | £67,200 |
| Jul 2026 | 14.0% | £67,600 |
| Aug 2026 | 13.6% | £66,650 |