How do you track budget versus actual cost on a construction site?
Record each cost against the site and the budget head on the day it happens: labour from attendance, machines from daily logs, material from what the store issued. Compare the running total, plus orders already placed, with the budget for the work completed so far.
Also called: Project cost control, Cost to complete.
Cost built from supplier and contractor bills is always weeks late, because bills arrive after the work. Cost built from site records is available the same day.
The comparison only means something against progress. Spending 60% of the budget is fine at 65% complete and a problem at 45%.
In ERP Infra
Labour, machinery and material are costed from each day’s site entries, so budget against actual is current per site without waiting for bills.
Cost overruns: how it worksLet’s put every site on one screen.
Tell us how many projects and sites you run. We will walk you through the system on a call and suggest where a pilot would pay back first.
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