Cost controlling consistently displays the entire process of construction cost management from start to finish. It documents everything with tracking starting with cost planning on various levels to budgeting phases of the project including any project changes and transfers, the entire assignment process, managing additions, checking and approval of invoices as well as capturing the expected cost increases and reductions to risks. The result is a continuous Target/Actual comparison and a credible projection of costs and spending.
Cost analysis is usually only as valid as the data and methods it is based on.
That is why COOR supports a combination of different methods for cost analysis.
Reliable and qualified results are achieved in combination with benchmarks from our own finalized projects or external data (e.g., BKI).
The planned values are fixed and adjusted in the budget. Any changes to the approved budget are logged and open to tracking and subject to approval.
Cost transfers are meant to:
Comprehensive order management:
Changes are a given ... and hardly the exception.
Any changes compared with the agreed targets are logged in the change management system. The entire process is logged with full trace-back starting at the creation including checks and approvals up to realization with additions.
Predict, postpone, capture, evaluate, check, reject and approve additions.
Management of additions with:
The entire additions management process is completely visible inside COOR. You maintain full control over the status of each claim including all details. And you determine to what extent an addition currently being checked will be figured into the projected contracting.
How much will the project cost in the end?
As the decision maker, this question will remain on your mind from the start. COOR can answer that.
While dynamically projecting the costs, we take into account:
A reliable cost forecast must take the dynamics and multiple variables of a construction project into account. Provisions, reserves and risks based on experience are as much part of the equation as a professional claims management. The forecast also includes the evaluation of the actual performance status and information about potentially higher or lower costs.
When do the various means of financing have to be in place?
In one keystroke, COOR automatically generates the financial expenditure plan based on the performance timeline and the forecast costs that have not yet been booked.
Basic data for the calculation:
Any performances not yet booked (forecast minus actual balance) are automatically distributed to the set periods using the current timeline and distribution method (linear, bell curve, individual payment plan).