CVR tips
I work for a MC on multiple frameworks, therefore we usually have around 80 CVRs to do per month between two of us. Not everything is live boots on the ground cost and value, as some are for pre construction, final account and whatnot.
Currently we add a little narrative box at the bottom to explain to the head of commercial the project position, we don't do monthly cvr reviews here. (I think these are going to start soon though which I am glad about)..
We also have a situation where once the CVRs are done, we release value to what we believe is realistic, but then our HOC changes it when he does his reviews with the director and the next month we see it's different.
I've tried to ask him for an explanation as to why he is declaring value over the order value on an Option A for example, where we wouldn't be expecting any further payments. Is this common practice? - I assume that because it's a framework this is how he balances out projects that aren't looking healthy?
I am an SQS now and leading the department so my intention is to make the CVRs as robust as possible.
I wanted some advice on how people are managing their CVRs and any tips, it's not something I've had massive exposure to as I've always worked on large projects where the Senior QS would do them or smaller highways projects where it's minimal change.
Thanks