Cost and value reconciled on the same records that run your purchase orders, timesheets and applications. Not a spreadsheet rebuilt every month end.
By the time a contract is closed out, the decisions that cost you money were taken months earlier. These are the gaps we hear about.
A CVR worksheet per contract with progress, movement between periods and a month-end position, built from the same costs that hit the ledger.
The original budget, the current one and the forecast are separate records. You can see what changed, when, and who approved it.
A retention register holding what is due back, on which contract, and when it falls due, instead of a note in someone's diary.
Purchase order, goods or works received, and the invoice are matched to each other. Where a rule applies, nothing pays until it is approved.
Time entries and weekly timesheets book to the contract they were worked on, so labour cost sits beside material cost rather than in payroll alone.
An application becomes an invoice, the invoice becomes a receivable, and payment lands in the ledger. One chain, one set of numbers.
Contracting groups rarely run on a single company. Each entity keeps its own books and its own numbering, and reporting brings them together.
We will run the demonstration against a job shaped like yours, including the parts of the product still being built.
We can run a demonstration on your sector’s actual workflow. Worth a look?