Jack Butler-Kettle

Tips for Cost Reporting, Quantity Surveying

Explore all tips for Cost Reporting in Quantity Surveying, with every available item in one place.

Tips

Building a CVR that tells the truth

A cost value reconciliation is only worth running if it is honest enough to make you flinch.

Take value from the account, not from the invoice file

Accrue the cost that has been incurred but not yet invoiced

Fix the cut-off date and hold both sides to it

Explain every movement in margin against last month

Cashflow habits for small contractors

A profitable job that runs out of cash stops just as dead as an unprofitable one.

Forecast the cash around the payment terms, not the programme alone

Watch the gap between value earned and cash received

Model retention as cash you will not see for a year

Have the funding conversation before the squeeze, not during it

Keeping the forecast final account honest

A forecast is a decision-making tool right up to the moment it becomes wishful thinking.

Price the pending work with the pessimism it deserves

Move a number only when a reason moves with it

Carry the risk you can see even before you can price it

Report the destination, not just the month