Source: https://www.quantsurv.com/resources/glossary/cvr Content format: Markdown version of the public page. Content reviewed: 2026-09-30 # CVR (cost value reconciliation): definition and example A regular comparison of what a job has cost with what it has earned, usually monthly. By [Jack Butler-Kettle]() · Updated 30 September 2026 Guidance for England and Wales. Check the contract, amendments and facts that apply to your job. ## What it means in practice Read this alongside [NRM 2: Detailed measurement for building works](). 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. Separate agreed value from amounts still being assessed. [Underpayment prevention]() can strengthen the records supporting applications without turning forecasts into guaranteed payment. ## Worked example ### The facts A package shows £40,000 of earned value and £35,000 of recorded costs. ### What happens 1. The subcontractor identifies £3,000 of supplier costs incurred but not yet invoiced. 2. It includes the accrual before assessing the job's apparent margin. ### What this shows The indicated margin falls from £5,000 to £2,000; cash received and disputed variation value still need separate tracking. ## Sources 1. [NRM 2: Detailed measurement for building works, UK 2nd edition, October 2021 (reissued October 2022 as RICS practice information)](). RICS.