Construction Finance

Calculate construction retention in PPCs, apply contractual caps and variations, and assess retention guarantees, cash-flow timing and bank renewal costs.

A practical guide to building construction project cash flow from activity costs, contract terms, billing timing, retention, payment delays, funding gaps, and financing.

Learn how to predict construction cash flow from activity curves, skew, WIEB, WIRs, materials on site and billing rules before building the full project cash-flow model.

Learn how to build a construction cash-flow forecast in CashflowPot, model contract terms, identify peak funding, add financing, compare scenarios, and export to Excel.

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!

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.

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.

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.

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.

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

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.