Construction Plant Hire Financial Model (Excel XLSX)

BENEFITS OF THIS EXCEL DOCUMENT

1. Provides thorough oversight, tracking, and reporting of plant hire finances, including updates on budget utilisation and projections.
2. Eliminates the need to create plant hire finance trackers from scratch and includes all common construction hire project actual and projection components.
3. Offers a number of charts for the overall cost status that can be used in senior management reports and status reports.

CONSTRUCTION EXCEL DESCRIPTION

This product (Construction Plant Hire Financial Model) is an Excel template (XLSX), which you can download immediately upon purchase.

Track specialised finances that are frequently used for plant hire companies.
This entails the detailed planning, organising, and administration of financial resources for large-scale complicated hire projects like power plants, highways, and real estate developments.

Calculate plant hire construction schedule cash flows over the month and year from start to finish.
Track unit costs that allow hirers to monitor and control the timing and how the cash flows over that time.

The primary finance tracker has the following features: hire summary, actual vs forecast expenses incurred, SOW, Forecast vs Actual, forecast days, actual days used, variance, actual total cost vs forecast revenue, realistic revenue, and variance in revenue. Total days of variance and total cost, colour coded so easy to track.

Hire tab: to track variance in actuals and forecasted days, completed days and cost variance.

HR Expenses Variance tab: track employees/team members' forecasted days and net totals vs actuals and grand totals.

Total supplier costs tab: deliverables, purchase orders, invoice numbers and stage costs through a stage on a single page

Adjust inputs such as (Land Related Costs, Administration Fees, Building Permits, and Other Hard Costs, General Operations, and Closing Costs), along with debt and equity financing, monthly equipment rental revenue for each individual unit, escalation rates, management expenses, refurbishments, utilities.

All of our templates are made with the user's needs and comfort in mind, according to best practice project modelling standards and demonstrating our commitment to excellence and client satisfaction.
Our expert financial models are the ideal tools to improve your project operations, regardless of your level of knowledge in finance, accounting, or using Microsoft Excel!
However, if you run into any problems utilising this template and can't find the right help in the instructions, please don't hesitate to get in touch with us.

Source: Best Practices in Construction, Project Finance Excel: Construction Plant Hire Financial Model Excel (XLSX) Spreadsheet, Willcox PMO