The Estimate vs Actual Cost screen gives you a monthly breakdown of estimated cost and actual cost of T&M tasks accross the project with various contractors. This view helps you track the actual expenses align with the planned Time and Material (T&M) estimates, categorized by labor, material, equipment, and subcontractors.
To view estimate vs actual cost
- Ensure that you are in the T & M 'Estimate Vs Actual' screen of the project. If not,
- Open the project management console
- Click the app launcher
and select 'Finance' - Click 'T & M' on the top and click 'Estimate Vs Actual' on the left
The table shows the following headers:
- Contractor - The name of the subcontractor associated with the Time and Material (T&M) work package.
- Total estimated cost - The total cost estimated for the contractor's T&M work for the project
- Total actual cost - The cost incurred so far for the contractor’s work, based on submitted and approved material, equipment, or subcontractor entries.
Monthly T&M cost
- Estimated - The planned cost for the contractor’s work during that specific month, based on the original T&M estimate.
- Actual - The actual cost recorded for that month, calculated from time card entries, material, equipment, or subcontractor entries.
Search and filter options
- Use the 'Search' box located at the top left to find an item using any value from the table as search criteria
- Right-click the column header and customize the display and order of the columns as you wish
- The options at the top right allow you to filter the entries, create nested groups of entries, and manage personalized and customized views of the table. Use the links below to learn more about these:
Sortting options
Hover over a column header and click the
icon next to it to access sorting options.
- Select 'Ascending' to sort the rows based on the values in that column, arranged alphanumerically from lowest to highest
- Select 'Descending' to sort the rows based on the values in that column, arranged alphanumerically from highest to lowest
- Click 'Clear' to return to the default view
Download List in Excel Format
- Click the
icon to save a copy of the list in Excel format on your device or in the project repository for record-keeping and sharing. See Download List Views and Logs in Excel Format to learn more
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