This guide will help you understand the process of performing a cost breakdown for change orders in order to gain a comprehensive understanding of the associated expenses.

The Lump Sum option provides a general overview of the costs associated with the change. It allows you to enter a single, consolidated amount that represents the total cost of the change order.

The Itemized Breakdown option enables you to breakdown specific cost components of the change order, including Labour, Equipment, Material, and Subcontractor costs. This level of detail allows for a more accurate analysis of expenses associated with the change.

Within the Itemized Breakdown, you will find the following categories:

This category includes the costs associated with the labor required for implementing the change order.

Here, you can outline the costs of materials required for the change. Provide a breakdown of the materials and their corresponding costs to accurately reflect the expenses.

If there is equipment involved in executing the change, this category allows you to record the associated costs.

This category provides the ability to input the costs associated with subcontractor services.

- Overhead and Profit are calculated against the Total cost associated with the CO.