Budget report
A document presenting financial data over a period of time, organized in a narrative, graphic, or tabular form.
A budget report provides a detailed analysis of the project's financial status, comparing actual costs with budgeted amounts. It helps stakeholders understand financial performance and make necessary adjustments to control costs and ensure profitability.
Used in a sentence
The budget report summarizes current expenditures and compares them to the initial plan.
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Estimate vs. Budget: Tools to Guide Construction Financial Planning
Whether building a residential home, a commercial complex or a large-scale infrastructure development, understanding and managing costs is key to completing a project on time and within financial limits. Effective financial planning allows project managers to handle unexpected challenges and maintain client trust. Two primary tools in financial planning for construction are the estimate and […]
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