CVR (cost value reconciliation)
A regular comparison of what a job has cost with what it has earned, usually monthly.
by Jack Butler-Kettle · About 1 min readShare
Further detail
Cost value reconciliation compares the value earned on a job with the costs recorded or forecast for it. Consistent cut-off dates matter: unpaid invoices, accrued costs and unagreed variations can distort the picture. A projected margin is neither the cash balance nor an established claim entitlement.
Reconcile value, actual cost and forecast cost on the same cut-off date. Our Project cost reporting and cost value reconciliation service explains movements in margin and separates unagreed value from supported forecast assumptions. A CVR is not a cash-flow forecast.