Free Construction Job Costing Template
Construction Job Costing
This Construction Job Costing Report provides a detailed analysis of the financial performance for the City Center Tower project, a major construction initiative undertaken in Metropolis, USA. The report spans from the project’s commencement on January 1, 2050, through its completion on December 31, 2052.
Project Name: City Center Tower
Location: Metropolis, USA
Project Start Date: January 1, 2050
Project End Date: December 31, 2052
|
Cost Category |
Description |
Estimated Cost (USD) |
Actual Cost (USD) |
Variance (USD) |
|---|---|---|---|---|
|
1. Labor Costs |
||||
|
1.1 |
Site Preparation |
[2,500,000] |
[2,600,000] |
[+100,000] |
|
1.2 |
Foundation Work |
[4,000,000] |
[3,950,000] |
[-50,000] |
|
1.3 |
Superstructure |
[6,500,000] |
[6,700,000] |
[+200,000] |
|
1.4 |
Electrical and Plumbing |
[3,200,000] |
[3,250,000] |
[+50,000] |
|
2. Material Costs |
||||
|
2.1 |
Concrete |
[1,800,000] |
[1,850,000] |
[+50,000] |
|
2.2 |
Steel |
[2,000,000] |
[1,950,000] |
[-50,000] |
|
2.3 |
Finishes and Fixtures |
[1,500,000] |
[1,600,000] |
[+100,000] |
|
3. Equipment Costs |
||||
|
3.1 |
Cranes and Lifts |
[750,000] |
[800,000] |
[+50,000] |
|
3.2 |
Tools and Machinery |
[500,000] |
[450,000] |
[-50,000] |
|
4. Overhead Costs |
||||
|
4.1 |
Project Management |
[1,200,000] |
[1,250,000] |
[+50,000] |
|
4.2 |
Administrative Expenses |
[600,000] |
[620,000] |
[+20,000] |
|
5. Contingency |
[1,000,000] |
[950,000] |
[-50,000] |
|
|
6. Total Costs |
[25,150,000] |
[25,500,000] |
+[350,000] |
Summary:
-
Total Estimated Cost: [25,150,000] USD
-
Total Actual Cost: [25,500,000] USD
-
Total Variance: [+350,000] USD
Notes:
-
The project experienced a variance mainly due to increased labor and material costs.
-
Contingency funds were not fully utilized, which somewhat mitigated the overall cost overrun.
-
Several cost-saving measures were implemented, including bulk purchasing and efficient methods, but these were offset by unforeseen increases in certain areas.
Prepared by: [Your Name]
