All casesOpen demo
Cases / Commercial & contracts
Commercial & contracts

Check milestone progress before a valuation is approved

Confirm the programme has genuinely hit its milestone, cross-check it against the earned value, and only then approve the valuation that releases funds against it.

3 steps9 minDeveloper / clientProject / construction managerCost consultant / QS

How it works, step by step

3 steps across the platform - what you do at each one, and why it matters.

1

Check the milestone against the programme

Schedule

Open the schedule and confirm the milestone the valuation is claimed against has actually been reached, not just is close.

Why: A milestone claimed a week early and paid against is money released for work not yet done, and it is awkward to claw back.

InProject scheduleClaimed milestoneOutConfirmed milestone statusVerified progress
2

Read the earned value to date

Value

Check the value earned to date against what has been spent and what was planned, so the milestone claim is consistent with the wider cost picture.

Why: A milestone can look reached on the programme while the cost and earned-value picture tells a different story. Reading both together is what catches an inconsistency before it is paid.

InConfirmed milestoneCost to datePlanned valueOutEarned value readingClaim consistency check
3

Approve the valuation

Finance

Approve the valuation for the amount the milestone and the earned value actually support, noting any partial release against a milestone still in progress.

Why: An approval grounded in the programme and the earned value is one that stands up when funders or auditors ask what it was based on.

InEarned value readingMilestone statusValuation amountOutApproved valuationReleased drawdown

More in Commercial & contracts