Understanding the Budget tab

To gain a thorough understanding on your financial summary page, get familiar with the legend:

• Accepted: Quotes you have accepted that have planned payments not yet due (orange hatched).
• Allocated: Payments set aside via your Digital Wallet but not yet paid (burnt orange).
• Paid: Payments completed (orange).
• Projected Savings: Expected savings (green hatched).
• Savings: Actual savings after payments (green).
• Projected Over Budget: Expected overspending (red hatched).
• Over Budget: Actual overspending (red).

Breakdown of the page

Cost Code/Centre Breakdown

A cost centre/code is like a specific bucket where you put all the costs related to a certain part of your project. The purpose of a cost centre/code is to help organise and monitor expenses by grouping related costs together, making it easier to manage and review your budget.

You’ll see a list of cost centres or cost codes from your Bill of Allowances (e.g., surveyor, geotechnical). This section shows your budget for each cost centre and how you're tracking against it. You can also the dropdown and search bar at the top to filter and search for specific tasks, such as new tasks, in progress, or completed.

Click on a cost centre/code to expand to view the associated bill of quantities. For each line item you can view the following information:

• Quantity
• Rate
• Bill of Allowances
• User Variation
• Budget

Adding a user variation

You can also add variations related to the line item by clicking the pencil icon to the right of the line.

1. A window will pop-up, where you can enter a variation to the right of the Bill of Allowances.
2. You can also add a note about this variation, for example, you increased your budget and want to account for it here.
3. Click the orange "Save Button".
4. Your variation change will populate user the "User Variation" column.

View Switching

Toggle between the Tracking View (your actual budget) and the Estimated View (forecasted spending) for each line item.

This page helps you monitor and manage your spending, track your progress, and understand how your budget is performing throughout your project at a task level.