Tool Hire Company Finance model (Excel XLSX)

BENEFITS OF THIS EXCEL DOCUMENT

1. Provides thorough oversight, tracking, and reporting of tool hire finances, including updates on budget utilisation and projections.
2. Eliminates the need to create tool 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 (Tool Hire Company Finance model) is an Excel template (XLSX), which you can download immediately upon purchase.

Track specialised finances that are frequently used for tool hire company projects and infrastructure.
This entails the detailed planning, organising, and administration of financial resources for large-scale complicated projects like power plants, highways, and real estate developments.
Separate tabs for each category of hire, Access & Lifting, Breaking & Demolition, Cleaning Equipment, Concrete Cutting Equipment, Decorating Tools, Earth Moving Equipment, electrical and heating, Plumbing Equipment, Power Tool Hire, Site Equipment, Ground Work and Surface Preparation, and HR Mobile Workforce.

Calculate tool hire schedule cash flows over the week, month, or year from start to finish.
It allows hirers to easily monitor and control the timing incomes from a single workbook over time.

The primary finance tracker has the following features: hire summary, actual vs forecast expenses incurred, SOW, Forecast vs actuals, 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.

HR Expenses Tab: track your mobile workforce/team members' forecasted days and net totals vs actuals and grand totals.

Total costs tab: deliverables, purchase orders, invoice numbers and overall costs on a single page.

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

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 company's operations, regardless of your level of knowledge in finance, accounting, or using Microsoft Excel!
However, if you encounter any problems utilising this template and can't find the right help in the instructions, please don't hesitate to contact us.

Source: Best Practices in Construction, Project Finance Excel: Tool Hire Company Finance model Excel (XLSX) Spreadsheet, Willcox PMO