A project margin based on the original budget is not meaningful once procurement, variations and cost overruns have changed the expected final cost.
Current contract value should reflect approved commercial changes without treating unapproved claims as guaranteed revenue.
Expected final cost needs to include known remaining exposure, not just invoices already received.
Current expected revenue less current expected final project cost.
Residential jobs rarely lose margin in one theatrical event. It is more often quote gaps, scope exclusions, material movements, unrecovered client changes and allowances that were never updated.
Show the dollar and percentage movement in expected margin.
Identify the categories and events driving the movement.
Record actions that may recover revenue, reduce cost or contain further loss.
The application produces project financial summaries with budget, forecast and commercial commentary in the same reporting workflow.