IMS monitor
Facility terms
Facility ceiling, net drawable£1,450,000
Purchase drawn from facility£620,000
Lender profit, % per month0.85%
Retention, % of tranche cost5%
Headroom today£318,400
Facility monitor
A monitoring mode for the person who recommends the drawdown: the facility terms, the tranche schedule, the site visits and the photographs, held together so the figure the lender releases against is traceable to evidence.
30 days free, no card.
The amber light below the schedule is the headroom check: when the remaining cost to complete presses against what is left to draw, the screen says so before the money does.
The facility
The ceiling, the lender’s profit rate and the retention on each tranche are entered once, from the agreement itself.
The amber light below the schedule is the headroom check: when the remaining cost to complete presses against what is left to draw, the screen says so before the money does.
The evidence
Each visit is recorded against the tranche it supports, and the photographs are filed to that tranche rather than to a folder nobody reopens.
The drawdown recommendation prints the photographs assigned to ITS tranche - the reader was never on site, so the evidence travels with the figure.
The recommendation
The document the lender acts on is assembled from the tranche schedule, the visit record and the budget the lender approved.
Every figure on the recommendation traces to a line in the record: the schedule, a visit, a photograph, a document. That is what standing behind the figure means.
Who it is for
You are applying
You report cost against money securedYou report cost against the sum you have actually secured, and the difference between the two is the conversation with your own board.
Applying for paymentYou are certifying
You report on figures you certifiedYou report to the client on a job you certify, and the report has to reconcile with the certificates you signed.
Certifying paymentYou are doing both
Your record is the only report there isYou are the report: what you have applied for, what has been certified and what is still to fund, pulled from your own record.
Doing both yourselfYou are reporting
You turn the record into a drawdownYou turn the project record into a drawdown recommendation, and the figures have to reconcile before the lender releases a pound.
Recommending a drawdownThe client, the architect and the tenderer are not on this list. They are the people you let in on a link: they see the one document you sent them, answer it, and that answer is written into the record. No account, no licence, no charge, on every plan.
Straight answers on what the monitor mode holds, and what stays your judgement.
No. It keeps the record and prints the recommendation; the professional judgement and the signature are yours. The tool holds the terms, the schedule, the visits and the evidence so the figure you stand behind is traceable.
From the facility agreement, entered once: the net drawable ceiling, the lender profit rate per month, and the retention percentage held on each tranche's actual cost. Nothing is assumed.
Costs outside the facility are recorded in their own list, so the drawable sum and the recommendation stay clean of money the lender is not funding.
The retention held on the tranches is released, and at redemption the account closes with the full record behind it: every tranche, every visit, every photograph.
From the blog
Three pieces on reporting and the record, at length and without a sales pitch at the end.
Walking away does not mean downing tools, that is breach, it means finishing what you owe and declining the next job. The arithmetic of a bad client’s true cost, the difference between a hard client and a harmful one, and how to leave without a war.
Read nowThe handshake is an inch away and the ask arrives: knock a bit off and we are done. It works because you have already spent the evenings and can smell the job. The three answers that keep your margin, and the one response that trains clients to repeat it.
Read nowAnyone who answers with a percentage is guessing about your business with your money. Markup is two numbers wearing one name: overhead recovery, which is arithmetic from your own accounts, and profit, which is a decision. How to work out yours.
Read nowKeep reading
Enter the terms from the agreement, the tranches and one site visit, and print a recommendation where every figure traces to the record behind it.
30 days free, no card.
Rather ask first? Write to help@qscope.co.uk and you will get a reply within one working day, Monday to Friday.