Forecast final cost report
Combine recorded cost, unpaid commitments and uncommitted remaining work to forecast the final cost against budget.
by Jack Butler-Kettle · About 2 min readShare
How to use it
Remove overlap between actual cost, commitments and remaining estimates. Record the cutoff date and the source of each remaining-cost forecast.
Forecast final cost report
Remove overlap between actual cost, commitments and remaining estimates. Record the cutoff date and the source of each remaining-cost forecast.
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
Forecast final cost report
Scroll across if needed to read the whole record. A dash means no value has been entered.
| Package / cutoff | Budget (£) | Cost to date (£) | Unpaid commitments (£) | Uncommitted remaining (£) | Forecast final (£) | Forecast over budget (£) | Basis / action |
|---|---|---|---|---|---|---|---|
| Partitions / 30 Sep | £100,000.00 | £60,000.00 | £25,000.00 | £20,000.00 | £105,000.00 | £5,000.00 | £5,000 forecast overrun; review remaining labour |
| Ceilings / 30 Sep | £80,000.00 | £30,000.00 | £40,000.00 | £5,000.00 | £75,000.00 | -£5,000.00 | £5,000 below budget; scope and accruals checked |
Positive variance means forecast over budget. Exclude already-recorded accruals from unpaid commitments to avoid counting them twice.
Understanding your results
Positive variance means forecast over budget. Exclude already-recorded accruals from unpaid commitments to avoid counting them twice.
How it works
The workbook provides blank working records. Grey cells calculate from the entered inputs; yellow cells are for your information. The completed example stays on this page.
Read the related guidance for the context and checks behind this template.
If you need help preparing or reviewing the project records, our quantity surveying services explain the tasks available under a separate appointment. Agree the deliverable, responsibilities and required specialist input before work starts.