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Cost & Expenses

Track Your Costs & Expenses with Precision | ConstructSum

At ConstructSum, we understand that effective cost management is crucial for the success of any construction project. Our Cost & Expenses feature empowers you to control your budget, ensuring that every dollar is allocated accurately and transparently.

  • Define Costs
  • Define Expenses
  • Define Dates
  • Recoverable & Unrecoverable Costs
  • Review Cost & Expense History

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Our platform enables effortless entry of costs and expenses against specific cost codes, ensuring precise tracking and allocation of funds. This feature enhances accuracy and empowers you to make informed decisions and optimise budget management.

Define Costs & Expenses with Ease

Effortlessly input costs and expenses for your project by associating them with specific cost codes. This level of detail ensures every expenditure is accounted for, making it easier to track and manage your financial resources.

Set Dates for Precise Tracking

You can assign specific dates to each cost or expense entry, allowing you to monitor the flow of funds over time. This feature gives you an organised, chronological view of your expenditures, enabling proactive financial management.

Recoverable vs. Non-Recoverable Costs

Our platform allows you to label expenses as recoverable or non-recoverable, clarifying which costs can be recouped and which are sunk. This distinction helps optimise budgeting decisions and boosts overall project profitability.

View Detailed Expense History

Gain complete visibility into your expense history at any time. Our intuitive interface lets you browse previous cost entries, giving you the data you need to make informed decisions, adjust budgets, and optimise your financial planning for future projects.