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Cost Control & Variance Analysis

Tracking every dollar, every day.

Active vs. Passive Control

  • Passive Control: Reviewing invoices when they arrive and checking if they match the order.
  • Active Control: Managing the commitment before it happens.

The Purchase Order (PO) System

A PO system is the primary tool of cost control. It ensures:

  1. Price is agreed before supply.
  2. Scope is defined (no "extra cartage" surprises).
  3. Budget code is assigned (so you know which bucket the money is coming from).

Rule of Thumb: No PO, No Pay. If a supplier sends an invoice without a PO number, it is rejected.

Cost Control Is a System (Not a Spreadsheet)

  • Scope control: changes must be written and cost-coded (site instructions and variations are cost documents).
  • Approval workflow: define who can authorise spend and at what thresholds.
  • Commitment visibility: if it’s not committed, it’s invisible until the invoice arrives.
  • Variance discipline: every variance gets a reason and an action, not just a number.

Common Variance Triggers

  • Substitution drift: “small upgrades” that were never formally varied.
  • Rework: defects and damage (often a process failure, not a trade failure).
  • Productivity loss: stacking trades, poor access, late information.
  • Freight and handling: double-handling due to poor laydown planning.

Builder’s Weekly Review (15 Minutes)

  1. Top 5 cost codes by forecast overspend.
  2. Top 5 pending variations / claims not yet approved.
  3. Procurement risks (lead times, deposits, supplier performance).
  4. Actions with owners and dates.