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Budget Presentation Template

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CE Budget Template Presentation 091217

Transcript: Conceptual Estimate Template Template Overview Budget Summary Detailed Quantities Cost Details Historical Data For Pricing Project Comparisons Cost Breakdown By Cost Code Basis of Estimate Reports Template Overview Budget Export For Construction GENERAL SUM SHEET Header Cost Summary Specific Cost Tracking Budget Update Comparison BUDGET COST DETAIL TABS Tab Cost Summary Tab Coded Item Totals Tab Cost Details Similar Direct Building and Parking Tabs Carry Approximately 76% of the Total Budget Point of Interest CREATING A BUDGET The Nuts and Bolts How does it all come together? Itemized Tracking The Sums From Each Tab Are Then Totaled Back On The General Sum Sheet Cost Tracking Codes Are Defined On The General Sum Sheet. 5 Categories Are Pre-Defined For Tracking Sources Of Budget Costs. All Direct Budget Costs Are Identified With A Price Source Code. Then Input Throughout The Budget. Three Types of Escalation are Tracked: Proforma - Escalate Budget to Current or Specified Date. Subcontractor - Escalation Negotiated With a Specific Subcontractor (Normally Under Contract). Outsized - Escalation for a Specific Trade Above the Overall Proforma Rate. Each Tab Sums Up The Coded Line Items Escalation is Tracked Similar to Cost and Source Tracking. Fixed Items with No Applicable Source Cost Sources are Tracked Similar to Cost Tracking. Individual Building (WRAP & Podium) Takeoff's Multiple Building (SOG) Current Project Multiplier Current Project Qty. Totals Manual Adjustment To Reconcile With Directive Matrix Pricing 3 Primary Groups Sub-Groups Functions and Tables Used to Generate Budget. Previous Projects/Budgets Cost & Quantities. Used to Extrapolate Pricing and Budget Evaluation (Comparisons). Sub-Groups Sub-Groups Tools for Maintaining and Updating the Budget Template. 3 Primary Groups Sub-Groups Sub-Groups Sub-Groups Distributing a Total Dollar Value Across Cost Codes The Amount Column is Populated with the Selected Project Budget Select the most Comparable Project from the Dropdown List The % of Total $ Allocated to Each Line Item is Calculated Remove Specific Line Items from the Distribution as Needed The Percentages are Applied to the line Items Throughout the Budget Total Amounts to be Distributed are Entered at the Tops of the Detail Tabs The Amounts Entered are Distributed Throughout the Budget by the Allocated % . 3 Primary Groups Sub-Groups Sub-Groups Sub-Groups Extrapolating a Budget From Historical Unit Pricing Extrapolated Budgets are Useful For: Select the most Comparable Project from the Dropdown List Early Acquisition Budgets or Fast Turn Around Comparable Project Pricing Reference while Generating a Budget The Source Project $/UOM Rates Calculate from the Values in the Database Keep the Default UOM's, or Select from Drop Down List $ per Quantities Extrapolated Budget is Generated in Dedicated Brown Rows Throughout the Budget Budget Review BUDGET ANALYSIS & COMPARISONS Review Budget Costs and Compare Against Other Projects/Budgets History & Stats Summary By Cost Code OUTPUT / DELIVERABLES Wrap It Up Basis of Estimate Reports Comments Takeoff Items Comments Values Units Values Construction Budget Export Template Budget Cost Details Construction Budget Format

Budget Presentation

Transcript: Fixed Expenses Vocabulary! The amount of money that is needed to pay for or buy something. Why Are Budgets Important? Emergencies Deficit Personal finance and retirement planning literature that means to automatically route your specified savings contribution from each paycheck at the time its received. Variable Expenses The amount of an asset or resource that exceeds the portion that is utilized What Is A Budget? Money that is earned from work, investments, business, etc. Example:Paycheck Piggy Bank Surplus Budgets help you idenitfy wasteful expenditures. Helps you adapt quickly as your financial situations change. Lowers your stress levels. The amount by which expenses exceed income or costs outstrip revenues. How To Create A Budget? An estimation of the revenue and expenses over a specified future period of time. It is also a financial document used to project future income and expenses. Parts Of A Budget. Income Finance Expenses Savings Debt Balanced Budget A cost that does not change with an increase or decrease in the amount of goods or services produced. Ex: Gas Bill Financial planning or the budgeting process where total revenues are equal to or greater than total expenses. Expenses The changes of costs in a business depending on the consumption of goods and services. Examples: Materials needed for a bakery. Budget Presentation Income An account that is used to set aside funds to be used in an emergency. Pay Yourself First! Step 1 Identify goals Step 2 Where is your money going? Step 3 Identify sources of income Step 4 Add it all up Step 5 Make adjustments if needed

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