Cost Centre

Overview

What is a Cost Centre?

Cost Centres are built-up from allocated costs from Cost Schedule work group items. Cost Centres are setup for supplier types of items, materials and or labour. Your job expense invoices are then entered against the cost centre budgets, to track its profit or loss. At the bottom of Cost Control, it shows your job totals with an overall profit and loss.

Back to Cost Control

New / Edit


Code
This is the Cost Centre Code number. Cost Centres are ordered chronologically top to bottom by their Code numbers.

Cost Centre
A Cost Centre name typically represents a specific supplier or sub-contractor type of the job budget. It's built-up of material and or labour supply costs allocated from Cost Schedule items.

% Complete
This is used to calculate the projected Cost to Complete each jobs Cost Centre. Its an estimated cost projection for cash flow purposes.

Also, it's used by the Progress Summary Lump Sum claim method to calculate each claim groups amount payable, which are built-up of allocated Cost Centre Budgets % Complete.

See Progress Summary to learn more


Claim Amount
This is used in the Progress Summary. It's calculated from a Cost Centre Budget % Complete.

Contributing

Work Groups

This shows the Cost Schedule Work Groups contributing to the Cost Centre budget.

Budget Override
This lets you override the selected Cost Centre budget with a new budget amount to run the job. The new budget amount will show in blue for your budget on your Cost Control view. Typically, this is used to enter a cheaper supplier quoted price for the job after the contract total has been locked.