Many organsiations are adapting current processes to comply with The Revenue's (HMRC) new Construction Industry Scheme (CIS). But are your existing systems man enough to handle the extra complexity and frequency of submission? And if not, how much cash will you lose ?

The Revenue and their new Construction Industry Scheme is seen by some as a bureaucratic exercise and by others as carrying an unnecessary cost overhead. There is a third view though. Here we will reveal how you can lever the changes to the advantage of your business.

Our first fact sheet "4 Ways to Lose Your Xmas Bonus " may have worried you. The second, "5 Ways to Beat the Taxman " showed you that all was not lost. This fact sheet will prove that hope really does spring eternal; there are neat solutions to The Revenue's new CIS scheme. Here are some things you should look out for. Maybe you just want to know how much you can save.

     A single-package, project control system designed for construction professionals specifically in the construction industry. The Estimating, Valuations, Planning, Cash Flow and Forecasting components integrate all aspects of a project’s construction process.

It has been estimated that the average construction project suffers 150% cost overruns and completes more than 175% late*. Investing in the right software could help transform this into a more profitable proposition where projects are delivered on time and within budget. Pegasus CIS provides an unparalleled level of management control over your contracts and subcontractors.

       Controlling the costs of a project can be a daunting task for many companies in the construction industry. Not only do businesses need to track the costs of purchases, there may be sub-contractors who need to be paid under HMRC's Construction Industry Scheme regulations, as well as raising and chasing the Payment Applications to clients. Has a Payment Application been Certified? How much is the Main Contractor Discount? When is the retention due for payment? How much profit did you make on that job? These are the typical questions asked, but quickly getting the answers can be the problem when running a construction project.

Effective cash management is key to making a profit in a contracting environment. Pegasus CIS has been specifically designed to give instant access to up-to-date information that allows you to manage your contracts. Knowing what is owed and when it is due and who needs to be paid and when, are critical issues. Pegasus CIS addresses these and many others as part of its effective management of your contracts.


Pegasus CIS In Depth

      Pegasus CIS is a contract costing system that has been specifically written for SME contractors in the construction and allied industries, giving complete control over every aspect of contract management. Designed for small to medium sized construction companies, Pegasus CIS eases the administrative burden of running construction projects, whilst providing all the management tools necessary to ensure that all critical information is readily available to the management team.

The system allows direct costs to be input against a contract, as well as costs derived from labour timesheets, purchases, stock and from sub-contractors. A wide range of analysis reports are available, giving businesses views of the current status of contracts, including job performance and detailed profit analysis reports.

Pegasus CIS Downloads and Tools...