What margin needs done, by whom, by when
The month's reported actions, owners, target dates and escalation flags. The log supports Cockpit follow-up; completion-rate bases and the retention-to-exposure mapping remain unresolved. It is not a reconciliation of every companion figure.
- Client
- Meridian M&E Ltd
- Portfolio
- 8 contracts · £14.2m
- Reference
- MER-MAL-P7
- Period
- April 2026 · Month 7
- Prepared by
- BuiltAI Intelligence Ltd
- Status
- 3 overdue
Illustrative example: fictional project and parties.
Fourteen open, three overdue
The April log holds 14 open actions: 6 carried and 8 raised this month; 8 March-log actions closed during April. The reported 73% rolling rate is retained, but its denominator and cohort are not supplied. Three commercial actions are overdue and escalated, with revised target dates in the first week of May.
All three are commercial and need Commercial Director involvement: the Riverside FM application reformat, the Cathedral Quarter QS query response, and the Kingsferry Crossing re-measure claim approval. Each has been escalated with a revised target inside the first week of May. They are the same names that carry the aged WIP and the below-target margin.
The operating rhythm, six months
Reported counts by month. Carried actions have held at 6 since February and overdue has risen from 0 to 3. Completion percentages are unreconciled: no common denominator, eligible cohort or rolling-rate method is provided, so they are not recalculated from opened/closed counts.
| Month | Opened | Closed | Carried | Overdue | Reported rate |
|---|---|---|---|---|---|
| November | 9 | 8 | 2 | 0 | 89% |
| December | 7 | 6 | 3 | 1 | 75% |
| January | 11 | 7 | 4 | 1 | 64% |
| February | 10 | 8 | 6 | 2 | 67% |
| March | 11 | 8 | 6 | 2 | 73% |
| April | 8 | 8 | 6 | 3 | 73% |
| 6-month | 56 | 45 | · | · | 72% |
The six rows total 56 opened and 45 closed. The retained 72% six-month, 73% rolling and monthly percentages have unprovided cohorts and denominators; do not treat them as a validated completion trend or substitute 45/56. The rising overdue count remains a review prompt.
Owners and open actions
The open actions by owner, overdue first. Workload sits with the commercial team; the three overdue items are drawn out at the top.
| Action | Contract | Owner | Due | Status |
|---|---|---|---|---|
| Reformat and resubmit the rejected application | Riverside FM | K. Hughes | 02 May | Overdue |
| Respond to the QS rate query, 3 valuations | Cathedral Quarter | J. Palmer | 05 May | Overdue |
| Approve and submit the re-measure claim | Kingsferry Crossing | C. Dean | 06 May | Overdue |
| Value and certify March and April work | Kingsferry Crossing | J. Palmer | 12 May | Open |
| Review and, if approved, raise the unclaimed variations | Cathedral Quarter | K. Hughes | 09 May | Open |
| Progress evidence for the £93k invoice holds | Portfolio | R. Barker | 16 May | Open |
| Chase the Cathedral scope sign-off for CNI release | Cathedral Quarter | K. Hughes | 14 May | Open |
| Agree the Docklands BMS variation value | Docklands Phase 2 | J. Palmer | 19 May | Open |
| Roll out same-day daywork capture on site | Portfolio | M. Taylor | 23 May | On track |
| Reconcile the Whitmore variation into the cost ledger | Whitmore Tower | J. Palmer | 08 May | Open |
| Resolve the £126k QS query and valuation delays | Portfolio | J. Palmer | 19 May | Open |
| Submit the Bluewater lighting variation | Bluewater Tower | K. Hughes | 21 May | Open |
| Review the reported £91k retention allocation for May billing | Portfolio | R. Barker | 30 May | On track |
| Prepare the May board pack and decision briefs | Portfolio | K. Hughes | 04 May | On track |
| 14 open · 3 overdue · 8 closed in April | 73% | |||
The reported £91k retention action is unreconciled: Blockers assigns £91k to normal billing and £79k to sign-off/retention. A distinct retention balance is not supplied. The owner must reconcile the action-to-exposure mapping before treating it as billing-ready or adding it to another total.
Every open action has one owner and a target date. Review weekly; escalate items more than five working days overdue or worth more than £25k. Dates and status chips describe planned actions, not confirmed entitlement, billing, collection or net-margin improvement. The register's retained 73% has the same unresolved rate basis above.