Cost Control & Expense Tracking

Person using a financial calculator, planning their savings and investments

At ConstructSum, we understand that effective cost control is crucial for the success of any contract-based project. Our Cost & Expense Tracking module provides full visibility into planned budgets, actual spending, and financial deviations, enabling you to remain proactive rather than reactive.

Track costs at a granular level, allocate expenses to specific packages or activities, and ensure financial accountability across teams, suppliers, and project phases. With ConstructSum, every cost is traceable, accurate, and aligned with your overall commercial goals.

Clearly define direct and indirect costs.
Monitor operational and financial expenses accurately.
Set cost accrual and recognition dates.
Classify recoverable and non-recoverable charges.
Review historical cost and expense records for audits or forecasts.

ConstructSum simplifies the recording and classification of project costs and expenses, ensuring that every financial entry is accurately tracked and properly attributed. You can define cost types, assign them to specific activities or project stages, and differentiate between recoverable and internal charges.

This visibility not only enhances budget accuracy but also empowers financial teams to analyse trends, improve forecasting, and maintain comprehensive commercial control throughout your project lifecycle.

Define & Categorise Costs with Confidence

Easily input and categorise your costs and expenses by project activity, phase, or supplier. This guarantees that every transaction is traceable and financially accurate, providing your team with greater clarity and control.

Timeline-Based Cost Tracking

Assign posting or accrual dates to every financial entry to track cash flow and cost impact over time. This chronological view enables proactive budgeting, ensures deadline compliance, and improves reporting.

Clarify Recoverable vs. Internal Charges

Distinguish between billable and non-billable expenses to enhance budget visibility and ensure contractual compliance. Identifying which costs can be recouped helps protect profit margins and streamlines invoicing.

Full Expense History at Your Fingertips

Access a comprehensive, searchable history of all financial entries related to your projects. Analyse past spending, refine forecasts, and enhance future budgeting with real data, all in one place.

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