Harborview Mixed-Use Development

Cost Control & Budget Variance Intelligence

Contract Sum: $182.0M | Month 24 of 38 | 63% Complete
CVR Period
Jan 2025
Cost Performance Index
0.91
-0.07 vs target
FCAC vs Contract
+$7.4M
4.1% overrun
FCAC: $189.4M
CO Recovery Rate
68%
-32% dilution
$9.8M approved / $14.4M cost
Contingency Remaining
$2.1M
74% consumed
Of $8.2M original
Sub Payment Variance
+$1.8M
Applied > Certified
Ironclad Fabricators
Forecast Final Margin
3.2%
-8.3% vs 11.5% target
$5.8M @ completion

Forecast Cost at Completion — Waterfall Analysis

Contract Sum $182.0M → Approved COs +$9.8M → Base Variance +$4.1M → Pending COs +$4.6M → Contingency Reserve -$2.1M → Cost-to-Complete Risk +$3.0M → FCAC $189.4M

Cost Performance Index by Cost Code

CPI < 1.0 indicates cost overrun. Structural Steel (0.76) and Earthworks (0.82) are primary erosion drivers.

Contingency Drawdown vs Project Progress

Contingency consumed 74% at 63% complete — front-loading confirmed. $2.1M remaining may be insufficient for final 37%.

Committed Cost vs Budget by WBS

Committed = Contracts + POs + Approved COs. Structural & MEP packages exceed budget allocations.

Change Order Approval Funnel & Pending Exposure

$4.6M pending (CO-044 $2.6M disputed, CO-051 $1.2M under review). Recovery rate: 68%.

Change Order & Cost Register — Top Exposure Items

CO # Description Type Cost Impact Client Approved Recovery % Status
CO-041 Structural Steel Rerate — Design Change Design $4,200,000 $3,100,000 73.8% Approved
CO-044 Differing Ground Conditions — Piling Site $2,600,000 $0 0.0% Disputed
CO-051 Prelim Extension — 4 months Time $1,200,000 $0 0.0% Under Review
CO-038 MEP Coordination — Clash Resolution Design $980,000 $820,000 83.7% Approved
CO-052 Fire Protection Upgrade — Code Change Regulatory $760,000 $680,000 89.5% Approved
CO-029 Formwork Acceleration — Schedule Recovery Time $540,000 $320,000 59.3% Approved
CO-047 Glazing System Substitution Design $420,000 $420,000 100.0% Approved
CO-053 Asbestos Remediation — Unforeseen Site $380,000 $0 0.0% Pending
CO-034 Landscaping Scope Addition Scope $310,000 $310,000 100.0% Approved
CO-049 Temporary Works — Tower Crane Extension Site $280,000 $160,000 57.1% Approved
Total Cost Impact: $14,400,000
Total Approved: $9,810,000
Overall Recovery: 68.1%

Preliminaries Cost Efficiency — Budget vs Actual

Site overheads tracking 12% over budget due to schedule extension. CO-051 seeks recovery of $1.2M prelim cost.

Subcontractor Payment Application vs Certified

Ironclad Fabricators (Steelwork) +$1,800,000
Applied: $9.2M | Certified: $7.4M | Variance: 24%
Vertex MEP Solutions +$420,000
Applied: $6.8M | Certified: $6.38M | Variance: 6%
Foundation Specialists Inc. -$120,000
Applied: $4.1M | Certified: $4.22M | Variance: -3%
Cladding Systems Ltd +$210,000
Applied: $3.4M | Certified: $3.19M | Variance: 7%
Action Required: Ironclad over-application ($1.8M) requires immediate QS reconciliation. Potential delayed mobilization claim embedded in App #14.
Variation Margin Dilution Index
-32%
$4.6M unrecovered on $14.4M cost base
Cost-to-Complete Reliability
72%
Based on 3-point estimate variance
Contingency-Adj Final Margin
3.2%
$5.8M on $182M contract (target 11.5%)
Procore Sync: 2025-01-28 06:15 UTC
Viewpoint Vista GL Export: 2025-01-27 23:45 UTC
CVR Period: Jan 2025 (Month 24)
Dashboard Owner: Commercial Director, Crestline Construction Ltd