Last month's bills do not show all the work left to finish. A monthly commercial review should show where the job is heading and which cost or cash choices need action.
Can your cost meeting explain what moved and who will act next?
Construction Commercial Review: Use One Reporting Basis
Set a cut-off date and check costs, orders, claims and the change register. Use a common format so jobs can be compared.
Show value and margin, cost to finish, work still to buy and payment status. Keep retention, final accounts and time risks in view.
Explain What Moved
State the cause, value and source of major moves since the last review. Keep firm sums apart from amounts still in doubt.
A saving needs evidence and an action that will deliver it. Show a possible saving on its own until its basis supports the forecast.
The report is complete. Which decision should change what happens on site?
- Facts
Confirm the cut-off and cost to finish.
- Movement
Explain the cause and value of each change.
- Action
Name the owner, decision and deadline.
End each material issue with an owner and due date, then check progress at the next review.
Finish With Clear Actions
Bring site, QS and finance views together. Keep full workings behind a short report on the points that need a choice.
Name who will act, by when and what the action should change. Check the result at the next review so the same issue does not return with no progress.
General guidance. Check your signed contract and the job facts. Get legal advice where needed.