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About the Procore Standard Budget View

Objective

To learn about the Procore Standard Budget View. 

Background

All Procore company accounts include the 'Procore Standard Budget' view, which is the default view that is available for use with the project's Budget tool. This view can also be customized as described in Set up a New Budget View

Example

Procore Standard Budget View

The illustration below shows you the default layout for the 'Procore Standard Budget' view, as it looks when assigned to a project's Budget tool.

procore-standard-budget-view.png

Default Columns

The following table details the default column and layout of the 'Procore Standard Budget' view. 

Column Name Column  Type Column Format Description
Sub Job Standard n/a If sub jobs are enabled in Procore (see Enable Sub Jobs), this column shows the name of the sub job associated with the budget line item.
Division Standard n/a Shows the division associated with the budget line item.
Cost Code Standard n/a Shows the cost code associated with the budget line item.
Cost Type Standard n/a Shows the cost type associated with the budget line item. 
Original Budget Amount Standard Currency Shows the original budget amount for the budget line item. 
Budget Modifications Standard Currency Shows the amount of a budget modification for the budget line item. 
Approved COs Source n/a This visible column shows the commitment change orders in the Approved status by default. It also provides advanced options that permit you to include/exclude change orders in other statuses and Prime Contract. This column is also used to calculate the 'Forecast to Complete' value in the budget line item.
Revised Budget Calculated Currency This visible column shows the total amount of any Budget Modifications + Approved COs. This column is also used to calculate the 'Forecast to Complete' value in the budget line item.
Pending Budget Source Currency This visible column shows the all budget changes in the Pending - statuses for the budget line item. 
Committed Costs Source Currency This visible column shows the commitment costs for subcontracts in the Approved and Complete statuses, purchase orders in the Approved status, and change orders in the Approved status. It also provides advanced options that permit you to include/exclude other status options for commitments and change orders.  
Direct Costs Source Currency This visible column shows direct costs in the Pending, Revise and Resubmit, and Approved status. 
Job to Date Costs Calculated Currency This visible column shows Direct Costs + Subcontractor Invoices.
Pending Cost Changes Source Currency This visible column shows subcontracts in the Out for Signature status, purchase order contracts in the Processing, Submitted, Partially Received, and Received Status, and change orders in the Pending - statuses. 
Projected Costs Calculated Currency This visible column shows Committed Costs + Direct Costs + Pending Cost Changes.This column is also used to calculate the 'Forecast to Complete' value in the budget line item.
Forecast to Complete Standard Currency This visible column is an automatic calculation of the Projected Budget - Project Costs. 
Estimated Cost at Completion Calculated Currency This visible column calculates the Projected Costs + Forecast to Complete. 
Projected Over/Under Calculated Currency This visible column calculates the Projected Budget - Estimated Cost at Completion. 

 

If you would like to learn more about Procore's budget management software and how it can help your business, please visit our construction budgeting software product page .