Winning the job is only half the battle; getting paid the right amount, on time, is the other half. Interim valuations are how you get paid during a job rather than only at the end. At agreed intervals you value the work completed to date — measured work, materials on site and approved variations — and apply for payment, less retention and previous payments.
Accurate interim valuations do two jobs. They keep money coming in to fund wages and materials, protecting cash flow on jobs that would otherwise be carried for months. And they act as an early-warning system: if the value of work done is drifting away from the cost of doing it, you want to know in month two, not at the final account when it is too late to act.
ConstructQS lets you raise interim valuations against the project, track them over time alongside variations, and reconcile towards the final account — so the commercial picture of a live job stays clear and your applications for payment are built on real figures.