One bill of quantities, feeding your budget, applications and margins
Import your BoQ, link each line to a cost code, and it becomes the basis of your budget, your payment applications and your margin, all at once.
Does your budget still match the job you're building?
Is the BoQ is retyped into three places?
The tender sheet, the cost report and the application each hold their own copy, and they drift apart within two months.
Do Variations never reach the budget?
The sell value moves but the budget doesn't, so margin is measured against a number that expired at variation three.
Are cost codes not lining up with the bill?
Spend is coded one way and the bill is structured another, so nobody can say what a line has actually cost.
Import the bill once
Bring in your schedule of works or bill of quantities and link each line to a cost code, in your own code structure, groups and categories. It sets the budget and the sell value at the same time.
Variations merge into live bill the moment they're approved
Additions, omissions and modifications are merged into the BoQ the moment they are approved - sell value, budget and the next application move together, not in three separate edits.
Catching overspend as it happens. Budget against spend, by cost code
Total budget, budget to date and actual spend sit on the same line, in the structure you set up, so the gap is visible per cost code rather than only at project level.
| Cost Code | Forecast Budget | Forecast Final Cost | Margin % |
|---|---|---|---|
| Total | £615,986.40 | £569,221.25 | 6.78% |
| 200 Plant & Equipment | £238,848.00 | £180,844.09 | 32.70% |
| 300 Binders & Materials | £235,158.40 | £244,635.93 | 7.53% |
| 400 Haulage & Disposal | £64,296.00 | £82,511.04 | -14.07% |
| 600 Testing & Compliance | £23,764.00 | £17,658.11 | 33.95% |
One structure, used everywhere
Stop retyping the bill
The bill you import is the one your applications and cost report use.
Measure margin against today's sell value
Approved variations are in the bill, so margin reflects the current contract sum.
Code costs the way you price work
Your cost codes, groups and categories, not a structure we imposed.
What the industry is saying
How contractors are taking control of their costs and contracts with Coreloops.
We had CEs there with our approval attached to it. There was no way for the client to dispute it.
Samuel Maddison
Director, Project Safe
One platform for costs and contracts
Book a discovery call
We'll learn about your current setup and show you how Coreloops could give you accurate project cost reporting.
