Create project budgets based on your company’s job cost structure and compare project performance against estimated revenues and costs. With a robust work breakdown structure, you can organize, label, and report on financial data as the project requires. Discover the financial status of your project with one click—no need for detailed reports.

• Easily break budgets down into custom cost codes.
• Drill down to the job level and see which jobs made a profit and which didn’t.
• Know on the job cost line unit and quantity level how much was estimated and what was the actual outcome.
• See by category or cost code level where you met your planned budget and how much profit you’ve made.
• Track the cost of each job and find out the total cost of your construction quickly.
• Give access to other team members, providing insight into the project’s financial status.

With Bauwise construction budgeting, you can ensure that each project budget is up to date, allowing you to focus on the project itself. Keep track of all your spending and understand what is driving your costs. See what costs have commitments and how much is left to spend to complete your project.

• Track and manage expenses to meet budget limits.
• Track materials, equipment, and supplies that you purchase for your project.
• Enter ongoing bills and invoices into your budget to see the projected cost remaining to complete the job.
• Quickly create purchase and work orders and enter dealer invoices – all in one clean and simple dashboard.
• As your budget continually updates, see how costs affect your projected profit.

Forecasting solutions will help protect your bottom line and understand costs throughout the project lifecycle, so you can stay ahead of any changes that may occur. Ensure your forecasts are precise and make better financial decisions. Stay on top of your project’s directions with our forecasting features.

• Consolidate all costs, contracts, and change orders automatically.
• Review actual costs, pending items, and estimated costs to keep the project on track.
• Create detailed multi-line estimated cost records and distribute this data to schedules as needed.
• Review and compare the original estimate to the current one.

As details change, go deeper into your data and allocate estimated costs to any line item in the project.

The construction budget provides visibility into every project cost. You can view your construction budget by groups, cost accounts, funding sources, or work breakdown structure. Evaluate your project statistics and make sure your projects are making you money, not losing it.

• Create custom budget structures that work with accounting systems.
• Reorder, rename, or create custom calculations in budget columns to display the most crucial budget information.
• Bauwise automatically calculates totals and flags any items that conflict with your approved budget.
• Create work budgets quickly and accurately with reusable cost items and cost groups. Add cost items and groups by selecting them from the cost catalog or creating new ones.

Understand how your projects perform with reporting tools and replace guesswork with facts-based decisions. Reports provide valuable information about current profitability and potential problems that may arise, which gives you the knowledge on how to proceed with your construction project.

• Users can quickly and easily create reports directly from the budget and standardize these templates to continue as needed.
• Get accurate information related to budget amounts, revisions, commitments, change orders, and amounts billed to date per category.
• Stay up to date on project status anytime from anywhere and get automatic reminders on the latest updates immediately.

Manage your project budgets and forecasts efficiently by automatically linking your contracts and change orders to your budget. Make it easy to review the financial performance of single or multiple projects.

• Track your budget finances and forecast critical costs with real-time data while staying in sync with your accounting system.
• Track costs, including labor and production data, against your budgets in real-time.
• Enter detailed forecasts and notes or create automatic monthly estimates for each line item.
• Give your team an overview of your project’s financial status with detailed, configurable financial reports.

Exceeding the agreed budget is inconvenient for you and your client, and the worst situation is when your client finds out about it only at the very end. Nobody likes to spend more than they thought they would, so keep your clients informed by tracking your budget and sharing it with them.

• Improve collaboration with owners by bringing them onto the platform.
• Control the permissions and allow owners to view, approve or reject payment applications, and accept or reject change orders.
• Get financial reports of your projects and allow stakeholders to view the data as needed, from the summary level to the most granular detail.

Bauwise integrates with several modern ERP systems. Send all financial data from Bauwise to the accounting software with a few clicks. With accounting integration, job costs are automatically synced from accounting and give you an up-to-date picture whenever you want to see it. The goal is to save you time, reduce manual data entry, and improve your bottom line.