VISUALCOST VCPRO5 COST ANALYSIS
costs and material usage
A Project's Allowed (estimated) and Actual quantities and costs are displayed side by side to provide project-vital information. Unacceptable tolerances can be detected quickly.
The Allowed and Actuals can be displayed
- For any selected time span.
- By Resources listed in aphabetical order as shown below.
- By Resources grouped under Cost Centers (shown in the Cost Centers tab).
- By Workgroups. These are used to group the Allowed and Actual costs of Cost Centers.
Further functions are listed below the Cost Anaysis image.
The available information can help you to detect unacceptable differences and allows you to take corrective action at the earliest possible time.
The dropdown list shown at the bottom of the image also allows you to read in Certified and Ordered quantities and costs. When selected, the Used quantities and their costs will be replaced with the selection so that the Certified or the Ordered can be compared with the Allowed.
If you purchase materials in stock sizes such as 20 of 9ftx2"x9" and 30 of 15ftx2"x9", the quantities will automatically be converted to ft here in the Cost Analysis so that you can compare the quantity of 2"x9" allowed in your Estimate with the total quantity purchased on a one-to-one basis.
When the Used option is selected:
- The Qty Used column displays all quantities delivered to site and so recorded.
- The Actual Cost column displays the costs of the Qty Used.
When the Ordered option is selected:
- The Qty Used column header will change to Qty Ordered.
- All ordered quantities will be displayed.
- The Actual Cost column header will change to Ordered Cost.
- The cost of all ordered quantities will be displayed.
When the Certified option is selected:
- The Qty Allowed column header will change to Qty Certified.
- All Certified quantities will be displayed.
- The Allowed Cost column header will change to Certified Cost.
- The cost of all certified quantities will be displayed.
Certified quantities and their costs are extracted from invoiced Progress Claims. This option enables you to check if there are differences between quantities delivered to site and claimed / invoiced.
The quantities and costs of a Progress Claim are deemed to be certified after
the client or his representative has approved the claim.
progress is underpaid progress and can have a negative effect on
your cash flow.
A notable discrepancy between materials delivered to site and certified quantities can also indicate irregularities on site.