Cost reporting - Revision history

Designing Buildings at 10:32, 26 December 2025

2025-12-26T10:32:35Z

← Older revision		Revision as of 10:32, 26 December 2025
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	* Tender pricing document.		* Tender pricing document.

−	~~[[Category:Articles_needing_more_work]]~~ [[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:Standards_/_measurements]] [[Category:Client_procedures]] [[Category:Cost_/_business_planning]]	+	[[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:Standards_/_measurements]] [[Category:Client_procedures]] [[Category:Cost_/_business_planning]]

Designing Buildings at 08:30, 25 August 2025

2025-08-25T08:30:55Z

← Older revision		Revision as of 08:30, 25 August 2025
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	In the absence of a single, standard type of cost report format, or specific formatting requirements by the client, most cost consultants will develop their own format for cost reports.		In the absence of a single, standard type of cost report format, or specific formatting requirements by the client, most cost consultants will develop their own format for cost reports.

−	~~= Find out more =~~	+	= Related articles on Designing Buildings =
−		+
−	=== Related articles on Designing Buildings ~~Wiki ==~~=	+

	* Capital costs for construction projects.		* Capital costs for construction projects.

Designing Buildings at 07:59, 23 September 2020

2020-09-23T07:59:50Z

← Older revision		Revision as of 07:59, 23 September 2020
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	* Tender pricing document.		* Tender pricing document.

−	[[Category:Articles_needing_more_work]] [[Category:~~Standards_/_measurements~~]] [[Category:~~DCN_Standard~~]] [[Category:Client_procedures]] [[Category:Cost_/_business_planning]]	+	[[Category:Articles_needing_more_work]] [[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:Standards_/_measurements]] [[Category:Client_procedures]] [[Category:Cost_/_business_planning]]

Designing Buildings: Reverted edits by 122.173.6.87 (talk) to last revision by Editor

2020-05-04T06:45:50Z

Reverted edits by 122.173.6.87 (talk) to last revision by Editor

← Older revision		Revision as of 06:45, 4 May 2020
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−	Cost reporting is a process used to inform a client (or other party) about the magnitude of a construction project’s predicted, or actual cost. This can be expressed either in absolute terms or as a variance compared to the project budget~~. Cost is important for all projects and must be conisdered at all periods of time~~.	+	Cost reporting is a process used to inform a client (or other party) about the magnitude of a construction project’s predicted, or actual cost. This can be expressed either in absolute terms or as a variance compared to the project budget.

	Cost reports are typically prepared by a cost consultant (such as a quantity surveyor) and updated regularly (perhaps monthly), to keep the client informed and to help them and the project team control costs.		Cost reports are typically prepared by a cost consultant (such as a quantity surveyor) and updated regularly (perhaps monthly), to keep the client informed and to help them and the project team control costs.
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	* Tender pricing document.		* Tender pricing document.

−	[[Category:Articles_needing_more_work]] [[Category:Standards_/_measurements]] [[Category:Client_procedures]] [[Category:Cost_/_business_planning]]	+	[[Category:Articles_needing_more_work]] [[Category:Standards_/_measurements]] [[Category:DCN_Standard]] [[Category:Client_procedures]] [[Category:Cost_/_business_planning]]

122.173.6.87 at 10:37, 3 May 2020

2020-05-03T10:37:00Z

← Older revision		Revision as of 10:37, 3 May 2020
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−	Cost reporting is a process used to inform a client (or other party) about the magnitude of a construction project’s predicted, or actual cost. This can be expressed either in absolute terms or as a variance compared to the project budget.	+	Cost reporting is a process used to inform a client (or other party) about the magnitude of a construction project’s predicted, or actual cost. This can be expressed either in absolute terms or as a variance compared to the project budget. Cost is important for all projects and must be conisdered at all periods of time.

	Cost reports are typically prepared by a cost consultant (such as a quantity surveyor) and updated regularly (perhaps monthly), to keep the client informed and to help them and the project team control costs.		Cost reports are typically prepared by a cost consultant (such as a quantity surveyor) and updated regularly (perhaps monthly), to keep the client informed and to help them and the project team control costs.

Editor: Reverted edits by 51.158.184.28 (talk) to last revision by Designing Buildings

2019-09-02T14:39:15Z

Reverted edits by 51.158.184.28 (talk) to last revision by Designing Buildings

← Older revision		Revision as of 14:39, 2 September 2019
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	* Quantity surveyor.		* Quantity surveyor.
	* Tender pricing document.		* Tender pricing document.
−
−	~~=== External references ===~~
−
−	* [https://www.projectcubicle.com/project-management-reporting/ Project Management Reporting]

	[[Category:Articles_needing_more_work]] [[Category:Standards_/_measurements]] [[Category:Client_procedures]] [[Category:Cost_/_business_planning]]		[[Category:Articles_needing_more_work]] [[Category:Standards_/_measurements]] [[Category:Client_procedures]] [[Category:Cost_/_business_planning]]

51.158.184.28 at 11:09, 2 September 2019

2019-09-02T11:09:29Z

← Older revision		Revision as of 11:09, 2 September 2019
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	* Quantity surveyor.		* Quantity surveyor.
	* Tender pricing document.		* Tender pricing document.
		+
		+	=== External references ===
		+
		+	* [https://www.projectcubicle.com/project-management-reporting/ Project Management Reporting]

	[[Category:Articles_needing_more_work]] [[Category:Standards_/_measurements]] [[Category:Client_procedures]] [[Category:Cost_/_business_planning]]		[[Category:Articles_needing_more_work]] [[Category:Standards_/_measurements]] [[Category:Client_procedures]] [[Category:Cost_/_business_planning]]

Designing Buildings at 09:32, 22 January 2018

2018-01-22T09:32:05Z

← Older revision		Revision as of 09:32, 22 January 2018
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−	Cost reporting is ~~the technique~~ used to inform a client of a construction project’s predicted ~~outturn cost. The outturn cost of a project is its~~ actual ~~construction~~ cost. This ~~forecast~~ can be expressed either in absolute terms or as a variance ~~against an amount in~~ the budget.	+	Cost reporting is a process used to inform a client (or other party) about the magnitude of a construction project’s predicted, or actual cost. This can be expressed either in absolute terms or as a variance compared to the project budget.

−	Cost reports are prepared by a quantity surveyor and updated~~, typically on a~~ monthly ~~basis~~, to ~~inform~~ the client and the project team ~~and enable them to~~ control ~~the outturn cost. Different frequencies of reporting, such as quarterly or annually, may be required as per the client’s request~~.	+	Cost reports are typically prepared by a cost consultant (such as a quantity surveyor) and updated regularly (perhaps monthly), to keep the client informed and to help them and the project team control costs.

−	A cost ~~report~~ will ~~generally include all~~ the ~~costs incurred by~~ the ~~date~~ of the ~~report~~, ~~where they~~ are ~~known~~ and:	+	Typically, cost reports will evolve through the life of the project, developing in detail and accuracy as more information becomes available about the nature of the design, and then actual prices are provided by specialist contractors, contractors and suppliers, and actual costs incurred.

−	* Can be ~~accurately valued~~ as ~~per~~ the ~~contract conditions~~.	+	A cost report will generally include all the costs incurred by the date of the report, where they are known, a forecast of the costs likely to be incurred during the rest of the project, in so far as these can be foreseen and estimated, and risk allowances for the possibility of unforeseeable costs. Contingencies to cover these risks are often expressed in terms of percentages. The percentages applied are at their greatest in the early stages of the project when there are the greatest number of possible risks, but they can then be reduced as better particulars about the project become available and some risks have passed or been overcome.
−	* Can be ~~estimated~~ as ~~per~~ the ~~contract conditions~~.	+

−	~~As well as~~ the ~~forecast of~~ costs ~~incurred by~~ the ~~date of the report~~, ~~in so far as can reasonably be foreseen and estimated~~; ~~and~~ the ~~necessary risk allowances~~.	+	It is important to be clear what costs will be included in cost reports. For example, the client may have costs that, whilst they are directly related to the project, they would prefer to account for them themselves. This might include; land acquisition costs, specialist plant or equipment, furniture, construction contracts outside of the main contract and so on.

−	In the absence of a single type of cost report format, most ~~professional practices adopt~~ their own ~~standard~~ format ~~to be used where the client has no specific requirements. Clients can have their own specific formats and systems that they require quantity surveyors to use~~ for ~~their~~ cost ~~reporting~~.	+	In the absence of a single, standard type of cost report format, or specific formatting requirements by the client, most cost consultants will develop their own format for cost reports.

	= Find out more =		= Find out more =

Editor: Created page with "Cost reporting is the technique used to inform a client of a construction project’s predicted outturn cost. The outturn cost of a project is its actual construction cost. This ..."

2017-12-13T16:26:26Z

Created page with "Cost reporting is the technique used to inform a client of a construction project’s predicted outturn cost. The outturn cost of a project is its actual construction cost. This ..."

New page

Cost reporting is the technique used to inform a client of a construction project’s predicted outturn cost. The outturn cost of a project is its actual construction cost. This forecast can be expressed either in absolute terms or as a variance against an amount in the budget.

Cost reports are prepared by a quantity surveyor and updated, typically on a monthly basis, to inform the client and the project team and enable them to control the outturn cost. Different frequencies of reporting, such as quarterly or annually, may be required as per the client’s request.

A cost report will generally include all the costs incurred by the date of the report, where they are known and:

* Can be accurately valued as per the contract conditions.
* Can be estimated as per the contract conditions.

As well as the forecast of costs incurred by the date of the report, in so far as can reasonably be foreseen and estimated; and the necessary risk allowances.

In the absence of a single type of cost report format, most professional practices adopt their own standard format to be used where the client has no specific requirements. Clients can have their own specific formats and systems that they require quantity surveyors to use for their cost reporting.

= Find out more =

=== Related articles on Designing Buildings Wiki ===

* Capital costs for construction projects.
* Construction costs.
* Cost control.
* Cost plans for construction projects.
* Elemental cost plan for design and construction.
* Final account.
* Outturn cost.
* Quantity surveyor.
* Tender pricing document.

[[Category:Articles_needing_more_work]] [[Category:Standards_/_measurements]] [[Category:Client_procedures]] [[Category:Cost_/_business_planning]]