Margin Cockpit
Margin Cockpit™Pack 05 / 06 · Client deliverable
Variation pipeline summary · April 2026

Every change in flight, and what it needs next

The variation pipeline across the 8 contracts: change that is submitted, agreed or still in preparation. The recorded values, recovery actions and dates for commercial review; entitlement, costs and notice requirements still need checking.

Client
Meridian M&E Ltd
Portfolio
8 contracts · £14.2m
Reference
MER-VPV-P7
Period
April 2026 · Month 7
Prepared by
BuiltAI Intelligence Ltd
Status
In recovery

Illustrative example: fictional project and parties.

£482kTotal variation pipeline
£139kAgreed this period
£236kSubmitted, awaiting decision
£107kIn preparation
BuiltAI Intelligence Ltd · built-ai.ioMER-VPV-P7 · April 2026
01Position

£482k in the pipeline, £139k agreed

The pipeline holds £482k of change value: £139k agreed this period, £236k submitted and awaiting a decision, and £107k in preparation. Kingsferry Crossing carries the largest single position. These values do not establish net margin, billing or cash receipt.

Agreed£139k
Submitted£236k
In preparation£107k
Why the pipeline matters

The register supports recovery actions. Commercial review must check contractual entitlement, evidence, notice compliance and the applicable deadlines for each line; submitted or preparation status alone does not prove recovery.

02By contract

The pipeline by contract

Every open variation position by contract, with its value and status. Sorted by value; the below-target contracts carry most of the pipeline.

RefContractChangeValueStatus
MERS-GKingsferry CrossingAccess delay and re-measure claim£146kSubmitted
CATH-QCathedral QuarterClient-driven scope changes£85kIn prep
WHIT-TWhitmore TowerAsbestos scope, Level 3 plant riser£62.4kAgreed
RIVR-FMRiverside FMReactive works beyond the PPM scope£62kSubmitted
DOCK-2Docklands Phase 2Revised BMS points schedule£34kAgreed
BLUE-TBluewater TowerLate-issued lighting design£28kSubmitted
NRTH-GNorthgate Cat-BFire-stopping to a revised layout£22kIn prep
CRES-2Crestfield Phase 2Additional external power£20kAgreed
+ othersSmall agreed change across the portfolio£22.6kAgreed
Total variation pipeline£482k8 contracts
03Recovery

What it takes to recover it

The pipeline splits by recorded agreement status and the action needed next. Check contractual entitlement and notice requirements before relying on the proposed action dates.

AgreedRecorded agreement, next valuation action£139k
SubmittedAwaiting a client or PM decision£236k
In preparationBeing built up, notice requirements to check£107k
The month's recovery focus

Progress the £146k Kingsferry Crossing position, including the £31k re-measure with its recorded 15 May decision target. Prepare Cathedral Quarter's £85k and Northgate's £22k positions, checking entitlement and notices. The submitted and preparation balances total £343k of change value awaiting agreement, not net margin or cash.

The time-critical positions

Recorded planning positions within six weeks, with action dates to review against the relevant contract. Together they are the £228k the desk works first; the register does not certify notice deadlines.

ContractPositionValueDecision by
Kingsferry CrossingRe-measure claim, submitted£31k15 May
Cathedral QuarterClient-driven change, in prep£85k22 May
Riverside FMReactive works, submitted£62k28 May
Bluewater TowerLighting design, submitted£28k04 Jun
Northgate Cat-BFire-stopping, in prep£22k06 Jun
Time-critical balance£228kwithin 6 weeks
Commercial review required

The decision dates above are recorded action dates. Review must confirm entitlement, supporting evidence and contractual notice requirements for each position. Submission, preparation or a planned date alone does not establish recoverability or compliance.

The £228k time-critical balance is a subset of the £343k change value awaiting agreement, not an additional balance. Recorded agreement still requires valuation progression; no net margin or collection is demonstrated here.

Reference MER-VPV-P7Period April 2026, Month 7Basis Open variations, all 8 contracts

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