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 | £5,600 | £0 | +£5,600 |
| Less deductions / contras | £0 | £0 | £0 |
| 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 |
| Forecast margin % | 2.5% | 8.1% | −5.60 pp |
| Against tender | −9.52 pp | ||
| Internal valuation (not cash) | £130,100 | £82,000 | +£48,100 |
| Margin to date (valuation less cost to date) | £6,900 | £4,300 | +£2,600 |
| Over / (under) measure | £6,100 | £2,000 | +£4,100 |
| Accruals as a share of cost to date | 1.8% |
| Head | Budget | Ledger | Accruals | To complete | Forecast final | Moved | Basis |
|---|---|---|---|---|---|---|---|
| Own labour | £90,000 | £52,000 | £0 | £52,000 | £104,000 | +£10,000 | Days x rate |
| Labour-only subs | £50,000 | £26,000 | £0 | £31,000 | £57,000 | +£5,000 | Order +/- variations |
| Materials | £60,000 | £30,000 | £2,200 | £36,000 | £68,200 | +£4,000 | Remeasure x current rates |
| Plant & access | £12,800 | £6,800 | £0 | £6,500 | £13,300 | +£500 | Time-related |
| Sub-subcontract | £8,000 | £2,000 | £0 | £6,000 | £8,000 | £0 | Order +/- variations lazy |
| Site overheads | £8,000 | £4,200 | £0 | £4,300 | £8,500 | +£500 | Time-related |
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.
| Forecast final measure | £0 |
| Recognised change | +£5,600 |
| Deductions / contras | £0 |
| Own labour | −£10,000 |
| Labour-only subs | −£5,000 |
| Materials | −£4,000 |
| Plant & access | −£500 |
| Sub-subcontract | £0 |
| Site overheads | −£500 |
| Total = margin movement | −£14,400 |
Ties out to the margin movement.
Confirm 1 carried accrual(s).
Why it matters: An accrual left in for another month may already be on the ledger (counted twice) or may never be invoiced. Old ones are the riskiest.
What to do: Confirm each one is still owed, with a reason, or release it.
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.
Forecast margin moved -5.60 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 | £128,000 |
| Main contractor's gross valuation | £124,000 |
| Retention held | £3,720 |
| Deductions accepted | £0 |
| Net due | £120,280 |
| Paid to date (gross of CIS) | £100,000 |
| Outstanding | £20,280 |
| CIS deducted (memo) | £10,000 |
| Jun 2026 | 12.0% | £31,200 |
| Jul 2026 | 8.1% | £21,000 |
| Aug 2026 | 2.5% | £6,600 |