Construction Finance

Learn how construction retention works with clear formulas, bond types, accounting entries, and examples. Ensure cash flow and quality in your projects.

Learn how to create a comprehensive cash flow for construction projects, including key contract conditions, subcontractor retention, work in excess of billing (WIEB), advance payments, and indirect costs. This step-by-step guide helps contractors manage project cash flows efficiently.

Learn how to accurately predict construction project cash flows using mathematical models such as polynomial and exponential curves. Discover essential adjustments, including advance payments, retention deductions, payment delays, and work-in-progress billing, to align predicted work with real cash outflows.

Quollnet project cashflow simulates real-life project work progress to generate cashflow projections. Enter project cost, advance payment, duration, retention, and more to forecast your cashflow.

Learn how to optimize your construction project cash flow using CASHFLOWPOT in this easy-to-follow tutorial. From setting up new projects to adding activities and tracking cash flow, this guide will help you efficiently manage your finances. Plus, learn how to export your cash flow data to Excel for in-depth analysis. Ideal for both beginners and experienced construction managers.

Learn what a requisition form is, how it is used for materials - Purchase Requisition - and services, how it protects budget before PO or work order commitment, and which forms and logs help contractors track requests, allocation, and actual usage.

Explore the essentials of advance payments in construction contracts, including their purpose, legal provisions, and applications in FIDIC, NEC, and JCT frameworks. This article covers recovery formulas, mobilization payments, price adjustment clauses, and strategies for managing contractor cash flow and project risks. A valuable guide for professionals navigating construction finance and legal contracts.

Discover the ultimate tender bid bond guide—covering requirements, best practices, and free templates to streamline construction bids. Download now!

Discover how the COVID-19 pandemic exposed flaws in construction contracts, particularly the unfair treatment of advance payments and bonds. Learn actionable reforms to protect contractors, including non-refundable payments and equitable compensation frameworks, for a more resilient construction industry.

JCT backcharges explained under JCT 2016 and 2024: instructions, defective work, Rectification Period remedies, work by others, appropriate deductions, Pay Less Notices, subcontract deductions, valuation, and dispute rights.

NEC backcharges explained under NEC4 ECC and ECS: Defect notification, access, defect correction periods, Clause 46 assessments, correction by others, Defined and Disallowed Cost, payment recovery, and Contractor or Subcontractor objections.

Use this construction Backcharge Log template to track notices, cure periods, approved costs, disputes, Subcontractor IPC deductions, remaining balances, reversals, and closure without duplicating deductions.

Learn how to show, dedu a Subcontractor IPC, with a worked payment example, balance calculation, document checklist, and practical controls.

Use this Backcharge Cost Breakdown Template and Calculator to itemize remedial labour, materials, plant, specialist work, testing, adjustments, credits, and tax. Separate estimates from actual costs, prepare a final cost summary, and support a Backcharge Notice, Log, or IPC deduction.

Learn how to challenge an improper construction backcharge by testing contractual entitlement, notice, responsibility, right to repair, cost records, betterment, delay causation, IPC deductions, payment notices, and duplicate recovery.

Can an Employer appoint others and backcharge defect repairs during the Defects Liability Period? Learn how notice, access, correction periods, emergency work, cost assessment, payment deductions, and the original Contractor’s opportunity to repair apply.