Average Construction Progress per Month (%) measures the proportion of physical construction work completed during each month of a development project, expressed as a percentage of total planned works. In UK property development finance, this metric is critical for assessing whether a project is progressing in line with programme schedules, budget forecasts and lender drawdown requirements. It is often calculated using site progress reports, valuations and contractor claims. A steady, predictable rate supports cash flow planning and investor confidence, while significant variations can indicate delays, cost overruns or issues with resource allocation and contractor performance.
This sits beneath Hard Costs, introducing a more specific variant of the measure without changing its core interpretation.
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