Real-time Construction Cost Management

Varicon’s cost tracking is designed with a unique connected workflow that captures essential data directly at its source, minimizing manual entry and ensuring high accuracy. For example, employee timesheets, completed by clocking in and out via the mobile app or tablet, are automatically linked to projects

Varicon allows project costs to be tracked using one of three methods: at the project level, at the Work Breakdown Structure (WBS) level, or at the Cost Centre level. While project-level tracking is the simplest for total project costs, WBS tracking offers the most detailed cost breakdown. Cost Centres (or Cost Codes) are typically the most common method, providing a good balance between ease of use on-site and actionable real-time feedback on financial performance. The tracking method is set in your company settings.

Varicon offers advanced features like “Production Tracking” and “Forecast Cost to Complete”. Production tracking calculates your budget and actual costs per unit of production in real-time, showing whether you are ahead or behind budget. “Forecast Cost to Complete” predicts the total cost for your project at completion by using the information you’re already capturing in Varicon, without requiring additional effort.