for Pennine Interiors Ltd · order £145,000, tender margin 15.0%
| This month | Last month | Movement | |
|---|---|---|---|
| Forecast final measure | £150,000 | £145,000 | +£5,000 |
| Recognised change | £2,000 | £0 | +£2,000 |
| Less deductions / contras | £0 | £0 | £0 |
| Forecast final value | £152,000 | £145,000 | +£7,000 |
| Forecast final cost | £124,750 | £123,250 | +£1,500 |
| Forecast margin | £27,250 | £21,750 | +£5,500 |
| Forecast margin % | 17.9% | 15.0% | +2.93 pp |
| Against tender | +2.93 pp | ||
| Internal valuation (not cash) | £69,000 | £30,500 | +£38,500 |
| Margin to date (valuation less cost to date) | £14,300 | £5,800 | +£8,500 |
| Over / (under) measure | £3,000 | £1,000 | +£2,000 |
| Accruals as a share of cost to date | 2.7% |
| Head | Budget | Ledger | Accruals | To complete | Forecast final | Moved | Basis |
|---|---|---|---|---|---|---|---|
| Own labour | £40,000 | £17,000 | £0 | £23,000 | £40,000 | £0 | Days x rate lazy |
| Labour-only subs | £25,000 | £10,500 | £0 | £14,500 | £25,000 | £0 | Order +/- variations lazy |
| Materials | £40,000 | £19,000 | £1,500 | £21,000 | £41,500 | +£1,500 | Remeasure x current rates |
| Plant & access | £7,250 | £2,800 | £0 | £4,450 | £7,250 | £0 | Time-related lazy |
| Sub-subcontract | £5,000 | £1,500 | £0 | £3,500 | £5,000 | £0 | Order +/- variations lazy |
| Site overheads | £6,000 | £2,400 | £0 | £3,600 | £6,000 | £0 | Time-related lazy |
Forecast margin up 2.93 pp on last month, to 17.9% (+£5,500). Biggest movements: Forecast final measure +£5,000; Recognised change +£2,000; Materials −£1,500.
| Forecast final measure | +£5,000 |
| Recognised change | +£2,000 |
| Deductions / contras | £0 |
| Own labour | £0 |
| Labour-only subs | £0 |
| Materials | −£1,500 |
| Plant & access | £0 |
| Sub-subcontract | £0 |
| Site overheads | £0 |
| Total = margin movement | +£5,500 |
Ties out to the margin movement.
No reason given for VO-03.
Why it matters: Overriding how much of a variation counts changes the margin. Without a reason, nobody can check the judgement later.
What to do: Give every override a reason, or remove it.
Own labour, Labour-only subs, 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 +2.93 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 | £68,000 |
| Main contractor's gross valuation | £66,000 |
| Retention held | £3,300 |
| Deductions accepted | £0 |
| Net due | £62,700 |
| Paid to date (gross of CIS) | £28,000 |
| Outstanding | £34,700 |
| CIS deducted (memo) | £2,240 |
| Aug 2026 | 15.0% | £21,750 |
| Sep 2026 | 17.9% | £27,250 |