This report is only available when Procore's Budget tool is not being used. When the Budget tool is being used, the Budget tool itself serves the purpose of this report. For more information on Procore's budget tool, see Budget tutorials.
Procore's Budget Forecast tool provides a breakdown of the budget and costs of a project organized by cost code. Additionally, it allows you to forecast the Cost to Complete.
Navigate to the tool by clicking the "Budget Forecast Report" link on the prime contract in the Prime Contracts, Commitments, or Reports tools. The report is divided into 3 sections: Prime Contracts, Commitments, and Forecast.
Prime Contracts:
Original Budget: Prime Contract Schedule of Values
SOVs Current Budget: Original Budget plus any Approved Prime Contract Change Orders
Projected Budget: Original Budget plus the Current Budget and any Pending Prime Contract Change Orders
Anticipated Budget: projected Budget plus any Draft Prime Contract Change Orders
Commitments:
Committed Costs: Approved Commitments plus Approved Commitment Change Orders
Uncommitted Costs: Pending Commitments, meaning the difference between the budgeted amount and what has been committed
Pending Commitments: Pending Commitment Change Orders
Projected Costs: Committed Cost plus Uncommitted Costs and Pending Commitments
Anticipated Costs: Projected Costs plus all Draft Commitments and Draft Commitment Change Orders
Forecast:
Modification: An editable column that allows you to better forecast Cost to Complete. Once values are entered, Procore will automatically save these values
Projected Over/Under: Projected Budget plus the Modification minus the Projected costs
Anticipated Over/Under: Anticipated Budget plus the Modification value minus Anticipated costs
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