Construction Budget Allocation
Prepared by: [Your Name]
Date: December 11, 2050
At [Your Company Name], we are dedicated to ensuring our construction projects are completed efficiently and within budget. Below is the detailed allocation of the budget for the upcoming project. This breakdown reflects the resources required for each phase.
Expense Category | Estimated Cost | Actual Cost | Variance | Notes |
|---|
Labor | $300,000 | $280,000 | -$20,000 | Labor costs reduced |
Materials | $500,000 | $510,000 | +$10,000 | Slight increase |
Equipment | $150,000 | $140,000 | -$10,000 | Lower than expected |
Permits & Fees | $50,000 | $50,000 | $0 | On Target |
Contingency | $100,000 | $95,000 | -$5,000 | No major issues |
Site Preparation | $120,000 | $125,000 | +$5,000 | Extra work needed |
Utility Setup | $200,000 | $210,000 | +$10,000 | Additional wiring |
Design & Engineering | $80,000 | $75,000 | -$5,000 | Under budget |
Miscellaneous | $50,000 | $55,000 | +$5,000 | Unforeseen costs |
Notes:
The labor costs were lower than expected due to a more efficient crew.
Material costs went over due to supply chain delays.
The project budget is on track with minor variations, and we'll monitor it closely.
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