This is a story about a delayed start to a building contract. So, he sued for his losses and won. To help in all this, he used the overhead recovery device called the Hudson Formula. The story looks straightforward, but I am not convinced. Bear with me.
Beechwood is an established housebuilder.
It does one project at a time and always for its sister development company Westpoint. The developer finds the land, Beechwood applies for planning and sorts out the building regs, formally prices the job and builds the houses. Turnover runs to 1-2m a year. The margins are healthy. It is a neat and tidy enterprise doing a good job.