overview

Designed to replace Procore's legacy budget modifications feature, the 'Budget Changes' concept provides your team with greater flexibility by eliminating the rigid data entry requirements associated with the legacy experience.

With this feature, users have the flexibility to configure the business logic that Procore uses to predict the Rough Order of Magnitude (ROM) impact of budget changes on your project's budget. For example, if you have an 'Out of Scope' budget change that will be adding revenue to your project, your team can tie the 'Budget ROM' value to 'Revenue.' Similarly, if you have an 'In Scope' budget change requiring you to add money to a work package from a contingency fund, you can also tie the 'Budget ROM' value to 'Cost.' 

After creating a budget change, Procore also automatically creates a linked change event for you, so you can take advantage of Procore's change management feature. In addition, approved budget changes can be added to owner invoices. To learn more, see About Budget Changes on Owner Invoices.