The short answer
Why can booked revenue reduce an order book while still being reported as revenue, and what can the selected quarterly tables reconcile?
Original record comparison
What question does each table answer?
Keep the entity, period, units and document scope attached to the numbers.
| Record or calculation | What it establishes | What it does not establish |
|---|---|---|
| Order-book bridge | How the reported remaining project balance moved. | Cash receipts or current profit. |
| Quarterly revenue | Revenue categories in the stated quarter. | An exact match to a differently labelled bridge without schedules. |
| Original calculation | The printed bridge reconciles and units can be converted. | Unrounded project details or a fabricated explanation of every difference. |
Chronology
A timeline of the turning points
Opening balance
Construction order book reported at PHP 41.0 billion.
Movement
Awards and net changes add work; booked revenue reduces remaining balance.
Closing balance
Reported at PHP 41.6 billion.
Identify the contractor before reading the balance
D.M. Consunji’s corporate history distinguishes the 1954 contractor from the holding company incorporated in 1995. DMCI Holdings’ Q3/9M 2024 briefing then gives separate business sections, and PDF 7 is the construction order-book slide. This guide reads that page’s two tables together: one reports quarterly revenue, while the other follows the remaining project order book from June to September. The entity, period and units are part of the evidence. A group name on a presentation cover does not make every segment figure a consolidated group total.
The bridge explains movement in a remaining balance
The slide reports an order book of PHP 41.0 billion in June 2024. It then shows PHP 3.5 billion of Q3 awards, PHP 0.2 billion of net change orders and PHP 3.1 billion of booked revenue, ending at PHP 41.6 billion in September. New awards add work; the signed change-order column can add or subtract it. Booked revenue reduces what remains in the order book. This is why a positive revenue amount appears as a subtraction in the bridge. The table is following a project-work balance, not saying that the business lost that revenue.
Sources for this section: [2]
The category rows make the signs visible
Building moves from 17.4 to 19.2 billion after 3.5 of awards, 0.5 of changes and 2.2 of booked revenue. Infrastructure moves from 5.0 to 4.6 billion. The joint-venture row starts at 18.6 billion, has no new awards, a negative 0.3 change and 0.5 of booked revenue, and ends at 17.8. The negative change is printed in parentheses. The page also names partners on several rail-project packages, including Taisei, Nishimatsu and Acciona. The JV label consequently has an actual project setting; it is not a generic synonym for every service the construction company bills.
Sources for this section: [2]
A neighbouring revenue table has a different perimeter
The quarterly revenue table reports PHP 3,501 million in total, including Building, Infrastructure, Joint Ventures and billables, and Allied Services and others. Its JV/billables and allied-service labels differ from the order-book bridge, whose booked-revenue total is PHP 3.1 billion. The two numbers should not be declared identical merely by changing units. They also should not be forced into an unexplained discrepancy narrative. The selected slide is rounded and does not supply a complete item-by-item mapping between its revenue and order-book perimeters. A detailed reconciliation would need the underlying schedules.
Sources for this section: [2]
Original exercise: rebuild the page rather than add unlike totals
Use the reported billions to reconstruct the total bridge and the joint-venture row. Then convert PHP 3,501 million to billions and calculate its difference from the bridge’s 3.1 billion booked-revenue figure. An editor proposes this caption: “The company received 41.6 billion in cash and earned another 3.501 billion, so the slide proves 45.101 billion of receipts.” Explain the error and replace it with two sentences that retain the actual September balance and the two revenue scopes. Do not invent an exact reason for every difference from the selected page alone.
Sources for this section: [2]
Worked answer: separate movement, units and cash
The total is 41.0+3.5+0.2−3.1=41.6 billion. The JV row is 18.6−0.3−0.5=17.8 billion. The quarterly table’s 3,501 million equals 3.501 billion, which is 0.401 billion above the rounded 3.1 bridge figure. The proposed caption turns an order-book balance into cash receipts and adds it to a period flow. A suitable replacement says: “The September construction order book was reported at PHP 41.6 billion. The slide separately reports quarterly revenue of PHP 3,501 million and PHP 3.1 billion booked within its order-book bridge; their exact reconciliation needs the underlying schedules.”
Sources for this section: [2]
Use rounding and labels to define the next question
The five visible bridge values reconcile at the precision printed on the slide. The category revenue values sum to 3,500 million while the total is 3,501 million, a one-million difference at displayed precision; the source supplies no exact unrounded components. The original calculations should preserve that limit rather than silently repair the issuer’s total. The useful next research objects are the detailed project schedules, revenue mapping and cash-flow records. The present page answers how the reported order book moved. It does not establish cash collection, contract profitability, completion of every award or a current investment outlook.
Sources for this section: [2]
Continue the chronology
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Explore Philippines through connected lives
Connected biographies
Business careers in context
1921–2017
David Consunji
Civil engineer, contractor and public administratorDavid Consunji built a contracting enterprise from small postwar projects into a company associated with major Philippine buildings and infrastructure.Read biography1949–
Isidro Consunji
Civil engineer and diversified-group executiveIsidro Consunji extended a construction-family career into the management of a diversified Philippine group and public institutional responsibilities.Read biographyQuick answers
Common questions
- Is an order book cash in the bank?
- No. The selected table follows a remaining project-work balance; cash collection needs its own evidence.
- Was the whole 86-page deck read?
- No. This guide uses the complete selected construction slide, PDF 7, and the contractor’s company history.
Primary and institutional sources
How this history was checked
Read the selected historical records within the stated scopes. The worked comparisons are original editorial calculations, not investment recommendations or independently audited impact claims. This article was reviewed on 27 October 2026.