Source: https://www.quantsurv.com/library/glossary/cvr
Content format: Markdown version of the public page.
Content reviewed: 2026-10-09

# CVR (cost value reconciliation)

A regular comparison of what a job has cost with what it has earned, usually monthly.

by [Jack Butler-Kettle](<https://www.quantsurv.com/about#jack-butler-kettle>) · About 2 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](<https://www.quantsurv.com/quantity-surveying?service=%2Fquantity-surveying%2Fcommercial-management#client-types>) service explains movements in margin and separates unagreed value from supported forecast assumptions. A CVR is not a cash-flow forecast.

### Cost value reconciliation template

Include cost accruals and committed exposure. State the valuation basis and avoid treating cash received as earned value.

[Download blank Excel workbook](<https://www.quantsurv.com/downloads/library/cost-value-reconciliation-template.xlsx>)

Free blank template for your own project. The completed example is shown below. No email address required.

View the completed example

Completed fictional example

Westhaven refurbishment · 14 October 2026 · Version 1.0

#### Cost value reconciliation template

Scroll across if needed to read the whole record. A dash means no value has been entered.

Cost value reconciliation template: completed fictional example
| Position / cutoff | Value (£) | Cost (£) | Margin (£) | Margin / value | Basis / evidence |
| --- | --- | --- | --- | --- | --- |
| Current / 30 Sep 2026 | £300,000.00 | £260,000.00 | £40,000.00 | 13.3% | Measured value; costs include £12,000 accrual |
| Forecast final / 30 Sep 2026 | £500,000.00 | £470,000.00 | £30,000.00 | 6% | Remaining scope and risk reviewed; not a cash forecast |

Current margin is £40,000 and forecast final margin is £30,000. The forecast deterioration needs action even though the current position is positive.

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