Quick summary
- What it is
- Track POs, committed costs, deliveries and invoice matching.
- Best for
- Purchasing, Project Manager, Accounting
- Format
- Excel
- Price
- Free ($0.00)
- Pillar
- Estimating & Procurement
What's included
- Committed cost
- Delivery status
- Invoice match
- Cost code
Template columns
| PO # | Date | Vendor | Cost Code | Description | Amount | Delivered | Invoiced | Balance |
|---|---|---|---|---|---|---|---|---|
| — | — | — | — | — | — | — | — | — |
Excel vs. Daily Build
| Excel | Daily Build | |
|---|---|---|
| Price | Free | Free to start |
| Mobile field entry | No | Yes |
| Photos & attachments | No | Yes |
| Automatic reports | No | Yes |
| Works offline | Yes | Yes |
FAQ
Why track committed costs?
Committed costs reveal budget overruns before invoices arrive.
Related guides
- How To Write a Purchase Order for Construction
Purchase Orders are used by contractors for any larger purchase on a project. This is typically a threshold that is set by a company, Ex: $5,000+, but can also vary by the item(s) being purchased. You may forgo a purchase order for a large hardware store purchase, but will likely want one for a specialty/custom item, especially if there are warranty requirements. Purchase Orders are vastly important in ensuring that the product being ordered is exactly as written and meets all of the requirement
- The Importance of Recognizing Change Order Costs in Construction Projects
Discover how Change Order pitfalls can drain your budget. Learn to manage Change Order expenses effectively to keep your project on track.
- How To Write a Change Order for Construction
Change orders are used in construction whenever there is a change to the scope of work that will cost more (or less) to the contractor. The most common cause of change orders are items/tasks that were not shown on the contract documents and are later required or items that have changed. Another cause for a change order is delays incurred by the contractor performing the work that were not the fault of the contractor. They can also go the other way however, and lead to a deductive change order, i
