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No two construction contracts are ever the same

Are you assuming the processes for reporting variations on your latest contract will be same as with your last one? It's a bit like comparing apples with oranges - the similarities may well be very limited, so don't be fooled into thinking a contract's a contract otherwise it could cost you dearly!

Do you really know the processes you've signed up for on your latest contract? Was it the same as the one before or another one that you are currently engaged with?

Without the close monitoring of accounts and a good understanding of the correct method of valuation under each and every specific construction contract, changes on projects can quickly erode your profits.

But you can avoid this if you monitor your variations properly by:

A. Understanding your obligations within the contract.
B. Adopting an approach and procedures which comply with contractual mechanisms and apply best practice valuation techniques. This is something that Quantum CPM's quantity surveyors are trained to do.
C. Enhancing your approach with proper control and tracking procedures which allow management to make informed decisions of mitigation and control when things aren't quite going to plan. This can prevent bigger issues and potentially heftier financial losses arising further down the line.

Sounds easy, but it can be time-consuming and take you away from getting on with the job of delivering your construction contracts!

Find out more about Monthly Variations Auditing.

Helping you compare apples with apples

Construction contracts can be complicated and it's not always easy to understand what they are asking of you when it comes to variations. That's why getting professional assistance can pay huge dividends for a relatively small cost.

Quantum CPM can help through our Monthly Variations Audit service. We will review your variations on a monthly basis, keeping track of the different stages that variations may be at. There may be some you are aware of that will be coming up for action, but we will make sure you have notified your client in accordance with the requirements of the contract.

We can also evaluate variations submitted to the client and help get them agreed for payment - putting better systems in place for more complete accounts and fewer disputes.

Part of our Bundle of Services

Our Monthly Variations Audit service is one part of our bundle of services designed to help sub-contractors and contractors to protect themselves more comprehensively in construction projects and make sure their services can be delivered as promised with the minimum fuss or risk of financial loss. These start with Contract Vetting prior to even agreeing to work on the project, supporting every stage of the contract right through to Retention Fund Management.

For a free initial consultation, contact Quantum CPM on 0161 974 6655 or email .

Find out more about our Bundle of Services.