Subcontractor Valuations
Torabuild Ltd, valuation 03
Subcontract
£68,400
Certified
£31,050
Retention 3%
£932
Gross this period£9,400.00
Less retention at 3%(£282.00)
Net due to subcontractor£9,118.00
A main contractor values up to the client and down to subcontractors in the same month. Two systems means two chances to get it wrong, and one figure nobody can reconcile.
Subcontract valuations use exactly the same calculation as client certificates. Percentage or fixed sum per line, previously certified carried forward, retention deducted once.
What differs is what belongs to each package: its own value, its own retention rate, and often its own contract form with different day counts.
On its own, neither figure tells you much. What matters commercially is the gap: what the client has certified to you against what you have certified down.
A job funding itself and a job you are financing look identical on a certificate. They look completely different on the dashboard.
What you pay a subcontractor and what you hold from them is your commercial position, not the client s. It is also the fastest way to invite a conversation about your margin.
No, and it usually does not. Each subcontract carries its own rate. The difference between what you hold down the chain and what is held from you is real money and appears in the cash position.
Yes, if you give them a guest link. They see their package and nothing else: not the client side, not other subcontractors, not your cost report.
It follows the subcontract. Under the Construction Act the payer issues a payment notice, so that is usually the correct name rather than certificate. You can set it per project.
Turn the subcontractor side off in settings. It disappears from the sidebar, the dashboard and the final account, so you are not looking past empty panels on every screen.
Not your whole portfolio. One live job, one certificate. If it does not save you time the first time you use it, walk away and take your data with you.