What are Adjustments?

Adjustments in ConstructionOnline OnCost Estimates are used to factor in additional costs or cost changes without affecting the total price seen by the client. Since they do not affect the Contract/Client Price, they are primarily used for internal reference and reporting. 

A good example of when to utilize Adjustments in ConstructionOnline is when a bid from one of your subcontractors comes in under the estimated Base Cost. By noting the difference within the Adjustment column, you can ensure your profits are maximized while maintaining accurate financial records.

Both positive and negative values can be entered into the Adjustment column. The data entered into the Adjustments column is factored into the Adjusted Cost calculation, which is the sum of the Base Cost + Tax + Adjustment + C.O. Cost columns. Adjustments do not affect Invoicing or Payments and do not require approval or accounting transactions. 

More information about the different Estimate Columns and Column Views can be found in Understanding OnCost™ Estimate Views.

Click here for more frequently asked questions (FAQs) regarding Estimating.