How are the Committed or Actual Labor costs generated on the Financial Tab for the Project?

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• How is Labor Calculated

  Contractor Foreman makes it easy to add your estimated labor amounts as well as track labor and calculate your costs. Estimated When creating an estimate, add a Labor item to your Estimate (or Schedule of Values) and associate the appropriate cost ...

• How do I show Labor Costs in the Project Financial tab if Cost Codes are not being used in Timecards?

  Time will still be tracked in the Project Financials as it is just considered Labor. If you are not using Cost codes you will not get the detailed job costing which is found in the reports.

• How do I track my Labor Costs against my Estimated Labor Costs?

  To track Labor Costs against Estimated Labor Costs, go to the Menu and select Reports and select Job Costed Reports and then select Budget vs Actual Labor Report. In the pop up, you can choose the items that are needed and then Generate Report. ...

• How do I generate a Budget vs Actual report for a lump sum project?

  To generate a Budget vs Actual Labor Report for a lump sum Project, go to the Menu and select Reports. Once here select Job costs. Click on the Budget vs Actual Labor Report and generate the Report.

• How do I estimate my current Gross Profit from the Financial tab in the Project?

  The Estimated Gross Profit is already calculated as long as the approved Invoices, Estimates and Change Orders etc are all moved into Schedule of Values. To see this data, go to the Menu and select Projects. Click on the Financial tab and the Est. ...