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 | £5,600 | £0 |
| Less deductions / contras | £2,500 | £0 | +£2,500 |
| Forecast final value | £263,100 | £265,600 | −£2,500 |
| Forecast final cost | £280,700 | £259,000 | +£21,700 |
| Forecast margin | −£17,600 | £6,600 | −£24,200 |
| Forecast margin % | -6.7% | 2.5% | −9.17 pp |
| Against tender | −18.69 pp | ||
| Internal valuation (not cash) | £168,100 | £130,100 | +£38,000 |
| Margin to date (valuation less cost to date) | −£6,000 | £6,900 | −£12,900 |
| Over / (under) measure | £5,600 | £6,100 | −£500 |
| Accruals as a share of cost to date | 2.3% |
| Head | Budget | Ledger | Accruals | To complete | Forecast final | Moved | Basis |
|---|---|---|---|---|---|---|---|
| Own labour | £90,000 | £74,000 | £1,800 | £44,000 | £119,800 | +£15,800 | Days x rate |
| Labour-only subs | £50,000 | £37,000 | £0 | £25,000 | £62,000 | +£5,000 | Order +/- variations |
| Materials | £60,000 | £41,000 | £2,200 | £26,000 | £69,200 | +£1,000 | Remeasure x current rates |
| Plant & access | £12,800 | £9,000 | £0 | £4,300 | £13,300 | £0 | Budget less cost (avoid) |
| Sub-subcontract | £8,000 | £3,500 | £0 | £4,500 | £8,000 | £0 | Order +/- variations lazy |
| Site overheads | £8,000 | £5,600 | £0 | £2,800 | £8,400 | −£100 | Time-related |
Forecast margin down 9.17 pp on last month, to -6.7% (−£24,200). Biggest movements: Own labour −£15,800; Labour-only subs −£5,000; Deductions / contras −£2,500.
| Forecast final measure | £0 |
| Recognised change | £0 |
| Deductions / contras | −£2,500 |
| Own labour | −£15,800 |
| Labour-only subs | −£5,000 |
| Materials | −£1,000 |
| Plant & access | £0 |
| Sub-subcontract | £0 |
| Site overheads | +£100 |
| Total = margin movement | −£24,200 |
Ties out to the margin movement.
1 old accrual(s) carried 2+ months: chase or release.
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 -9.17 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 | £171,000 |
| Main contractor's gross valuation | £165,000 |
| Retention held | £4,950 |
| Deductions accepted | £2,500 |
| Net due | £157,550 |
| Paid to date (gross of CIS) | £128,000 |
| Outstanding | £29,550 |
| CIS deducted (memo) | £12,800 |
| Jun 2026 | 12.0% | £31,200 |
| Jul 2026 | 8.1% | £21,000 |
| Aug 2026 | 2.5% | £6,600 |
| Sep 2026 | -6.7% | −£17,600 |