Cost Execution & Control
Real-Time Cost Management, Financial Control, and Auditable Reporting
We turn budget plans into financial reality. Our **Cost Management services** provide continuous monitoring, **variance analysis**, and **change order control** to guarantee project budget adherence.
The Cycle of Financial Accountability
Commitment and Actuals Tracking
Meticulous recording of all financial commitments (POs, subcontracts) and actual expenditures against the approved **Work Breakdown Structure (WBS)** and **Cost Baseline**.
Earned Value and Variance Analysis
Applying **Earned Value Management (EVM)** principles to calculate Cost Variance ($ CV $) and Schedule Variance ($ SV $), allowing for objective performance assessment.
Risk-Based Forecasting
Forecasting the **Estimate at Completion (EAC)** and identifying financial risks early, allowing for proactive mitigation plans to correct potential overruns.
Financial Discipline
Rigorous Change Order Management and Real-Time Client Dashboards.
Uncontrolled change orders are the primary cause of budget overruns. Servoluxe employs a digital, transparent **Change Order Management (COM)** system that tracks every request from inception to final approval and financial integration.
- ✓ **Digital Approval Workflow:** Ensures every cost impact is reviewed and authorized before work proceeds.
- ✓ **Live Financial Reporting:** Secure portal access provides clients with real-time updates on budget status, actuals, and forecast changes.
- ✓ **Contingency Drawdown Tracking:** Clear documentation showing the utilization and remaining balance of project contingencies.
Closing the Books: Audit-Ready Financials
Payment Application & Invoicing
Managing the contractor pay application process (e.g., AIA G702/703) with thorough verification against work progress to ensure accurate, timely, and compliant payments.
Review Payment Process →Project Financial Closeout
Delivering comprehensive final financial reports, including actuals vs. budget reconciliation, final account settlement, lien waivers, and full project cost documentation for capitalization.
See Closeout Deliverables →Eliminate Budget Uncertainty and Financial Surprises.
Gain absolute control over your project finances with Servoluxe's integrated Cost Management services.
Schedule a Cost Control Demo