Cost Value Reconciliation Without the Spreadsheet Sprawl
Committed and actual cost pulled straight from Job Costing, certified sales and subcontract values pulled from the ledgers, your surveyor adjustments layered on top, and a cost-vs-value report that rolls forward each period. Here's how Construct365's CVR module works.
Cost Value Reconciliation is the quantity surveyor's monthly ritual: pull the cost, pull the value, work out where the contract really stands. Too often it lives in a sprawl of spreadsheets that drift from the accounts. The Cost Value Reconciliation module in The ERP Experiment is built to make it quick and honest — improve the surveyor's workflow, not clone a mainframe.
Cost on one side, value on the other
A CVR reconciles cost against value for a contract in a period. The cost side is the actual cost incurred, plus the surveyor's adjustments and a forecast of the cost still to come. The value side is the income certified to date, plus adjustments, with the current contract value driving the forecast. The gap is your profit — both to date and forecast at final account.
The figures pull themselves
You don't re-key anything. Committed cost, actual cost and the current contract value come straight from Job Costing. Certified sales income comes from posted contract certificates in the Sales Ledger; certified subcontract cost from the cumulative certificates in the Subcontract Ledger — each linked to the contract by its project reference. One button snapshots the lot.
Your judgement, layered on top
What the surveyor brings is judgement: the forecast cost-to-complete, a value adjustment for accruals or under/over-certification, a cost adjustment for provisions, and notes. The pulled figures are snapshotted and left untouched, so the report is always clear about what the system said versus what you overlaid.
A position that rolls forward
Complete a CVR and it freezes. The next period's CVR carries it forward as the opening position, so every period shows the movement since the last — not an isolated snapshot. The sequence runs per contract, period one to final account.
Contract status at a glance
Each contract carries a headline status from its latest CVR's forecast margin — on track, watch, at risk or loss-making — so the commercial team can spot a thinning margin before it turns into a loss.
Everything in pence
Every figure in a CVR — costs, valuations and forecast margin — is held internally as whole pence, never as decimal pounds. That is what lets a reconciliation balance to the exact penny instead of drifting by a rounding error: you read tidy pounds on screen while the ledger underneath stays precise.
One subscription
Cost Value Reconciliation comes with the one ERP Experiment plan. There is no separate CVR licence — a single subscription opens this module and each one we release after it.
👉 Open the ERP hub, or see why we are taking the accounting core slowly.
Frequently asked questions
Related resources
The Subcontract Ledger and CIS Without the HMRC Headache
Subcontract orders, cumulative certificates, retention held automatically and CIS deducted at the rate HMRC verified — with a balanced ledger behind every certificate and a monthly return you can file. Here's how Construct365's Subcontract Ledger module works.
Read guideApplications, Retainage and Back Charges Without the Month-End Surprises
Subcontractor applications for payment are where margin quietly leaks: partial certifications, retention held and released in stages, back charges netted to the wrong place. Here's how Construct365's Subcontractor Billing module keeps it straight.
Read guidePurchase Orders and Approvals That Actually Hold Up
Loose email approvals and spreadsheet POs fall apart the moment a job is queried. Here's how The ERP Experiment handles purchase orders and approvals — line-level partial approval, configurable approvers, and an audit trail that survives scrutiny.
Read guide