Real-Time Construction Cost Value Reconciliation

Stop struggling with spreadsheets – Bauwise delivers instant, accurate cost vs. value insights for every project.

Why Construction Cost Value Reconciliation Matters

Construction Cost Value Reconciliation (CVR) is essential for monitoring project financial health, but doing it manually each month is tedious and error-prone. Important information ends up scattered in spreadsheets, making it hard to see the full picture.” Then flip to the benefit: “Bauwise solves this by automatically tracking all costs against your budget in real time, giving you a live picture of profitability and cash flow . Instead of waiting for month-end reports, you’ll spot issues and trends as they happen, ensuring you stay on budget and protect your margins.

On time & Accurate Financial Data

Many construction companies rely on outdated spreadsheets and manual data entry for cost tracking. This leads to inaccurate financial reporting, delayed decision-making, and an inability to react to cost overruns in real time. Bauwise integrates directly with accounting software, pulling real-time actual costs and updating CVR reports instantly. This ensures accuracy and allows teams to make proactive financial decisions before problems escalate.

Gain Control With Approval Workflows

Without structured approval workflows, unauthorized costs and changes can slip through, leading to budget inconsistencies and financial risks. Traditional CVR processes often lack a system to verify, approve, and track financial changes. Bauwise offers built-in approval workflows where all budget adjustments, invoices, and change orders must go through a structured approval process before impacting project financials. This ensures accountability, prevents unauthorized spending, and keeps reconciliations fully traceable.

Company Wide Financial Visibility

Most CVR processes are project-specific, making it difficult for senior management to assess financial performance across multiple projects. Without consolidated company-wide reporting, executives lack a clear view of overall profitability and risk exposure. Bauwise provides a centralized CVR dashboard where all project reconciliations are tracked in one place. This allows financial managers to compare projects, identify trends, and make data-driven decisions to improve profitability across the company.

What do our clients say about us?

priit parktal
Priit Parktal

Very satisfied with Bauwise and their team. So thankful for their work. Bauwise is indeed needed and helpful tool making construction budgeting, cost management, cash flow planning very effective and easy. Thank you so very much!

erik vares
Erik Vares

Bauwise makes construction cost reporting more transparent and provides a logical tool for cost control and a good overview of the project process. Constantly developing and taking into account the needs of construction companies. Bauwise has become the main standard tool for project managers, to which it would be difficult to find an alternative.

raido pärn
Raido Pärn

I am using Bauwise in Spain and it is super helpful in terms of managing realtime costs and the budget, keeping the payment information about invoices up-to-date and etc. Highly recommended for professional developers and main contractors!

Construction Cost Value Reconciliation in Real-Time

Multiple CVR Methods for Accurate Financial Insights

Bauwise offers flexible ways to track CVR, ensuring cost and value recognition align with real project progress:

  • Actual Costs Accrued – Automatically pulls real costs from accounting systems, providing real-time accuracy.
  • Estimated Completion Percentage – Tracks earned value based on work progress, ensuring cost and revenue recognition aligns with project completion.
  • Estimating Accruals – Forecasts unbilled costs (e.g., pending subcontractor invoices) to provide a more accurate financial outlook.
Construction Cost Value Reconciliation in Real-Time

Adjustable Commitments and Budget Forecasts

Bauwise empowers project managers to make real-time CVR adjustments

  • Modify values like completion percentage, accurals, revised actual or by quantities at the commitment level (e.g., contracts, purchase orders) to reflect anticipated cost changes.
  • Adjust the same values on outstanding budgets to account for expected savings or overruns, keeping forecasts up to date.
  • Ensures cost overruns or savings are identified early, preventing last-minute financial surprises.
Construction Cost Value Reconciliation in Real-Time

Structured Approval Workflow for CVR Process

A structured approval workflow ensures that Cost Value Reconciliation (CVR) reports are reviewed, validated, and approved systematically before they impact financial reporting. This process provides accountability, accuracy, and compliance while preventing unauthorized changes or errors in project financials.

  • Generate a versioned CVR report that managers can review before approval, ensuring accountability.
  • Built-in approval workflows prevent unauthorized cost changes and improve financial transparency.
  • Maintains a structured approach where changes are documented and approved before they impact the budget.
Construction Cost Value Reconciliation in Real-Time

Company-Wide CVR Reporting Dashboard

The Company-Wide CVR Reporting Dashboard in Bauwise provides a real-time, consolidated view of all active construction projects, enabling executives, financial controllers, and project managers to assess financial performance across the entire company portfolio.

  • Approved project CVRs are displayed in a centralized financial dashboard, providing a high-level view across all projects.
  • Management can compare financial performance across multiple projects and detect cost trends or risks.
  • Eliminates the need for manual consolidation of reports, improving reporting speed and accuracy.
Construction Cost Value Reconciliation in Real-Time

Month-Specific Adjustments Without Impacting Forecasts

Bauwise allows financial managers to make month-specific adjustments at the reporting level without altering the underlying project forecast. This feature ensures that financial reports reflect the necessary adjustments for a given period while maintaining the integrity of the long-term project budget.

  • Financial managers can make period-specific adjustments that only affect that month’s report while keeping the project forecast unchanged.
  • Allows companies to align financial reports with accounting best practices without altering long-term cost projections.
  • Helps maintain realistic project forecasting while accommodating financial reporting adjustments.
Construction Cost Value Reconciliation in Real-Time

Locked Reports & Full Audit Trail for Compliance

Bauwise ensures financial transparency and accountability by allowing companies to lock approved reports and maintain a full audit trail of all project cost adjustments and approvals. This feature enhances compliance, prevents unauthorized changes, and ensures that all financial data is accurately recorded for audits and internal controls.

  • Once a CVR report is approved, it can be locked to prevent retroactive changes, ensuring historical financial integrity.
  • Monthly reports are stored as snapshots, allowing full traceability and backtracking for audits.
  • Reduces risk by providing a clear audit trail of approvals, changes, and financial decisions.
Construction Cost Value Reconciliation in Real-Time

Automating Accounting Transactions via APIs

Bauwise enhances financial efficiency by integrating with accounting systems via APIs, ensuring that cost data and reconciliations are seamlessly transferred without manual intervention.

  • Automated Data Syncing – Approved financial transactions from Bauwise are automatically pushed to connected accounting software, eliminating duplicate data entry.
  • Real-Time Cost Updates – Ensures that actual costs, invoices, and payment approvals are instantly reflected in both Bauwise and accounting platforms.
  • Error Reduction & Compliance – Prevents human errors in financial reporting by ensuring all transactions are accurately recorded and approved before being processed.
  • Improved Financial Oversight – Provides finance teams with real-time financial visibility across multiple projects, ensuring better cost control and decision-making.

Trusted By

More than 10 000 projects managed by using Bauwise

FAQ

Yes, you can! Just contact the Bauwise team, and we will help you.

Yes!
Bauwise has several options for importing your budget. The easiest way is to copy and paste from any spreadsheet.

Bauwise offers features like Invoice management, importing actual transactions from Excel, or Integration with Accounting software.

The short answer is yes, but it depends!
Our team has a lot of experience with different integrations. Reach out to us, and let’s look at the options.

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