View Allotted budget

The subcontractors can view the budget share allotted to their company from the overall project budget for their part of the work in the project. This enables the contractors to stay informed about their financial allocations within the project.

To view allotted budget

• Open the project management console.
• Click 'Budget' on the top.
• Select 'Project Budget' from the options on the left

• Cost Code - The code representing the division/category of work as per the cost code list at your company level
• Name - The label of the work/task
• Quantity - The numeric value of the amount of work required to be done
• Quantity Unit - Units by which the amount of work done is measured
• Effort Hours - The total working time required for completion of the work, in manhours
• Type of Calculation- How the budget amount for this line item is to be entered. 
  • Automatic - The total amount is calculated as a sum of the values specified for different cost types, like material, labor, equipment, etc.
  • Manual -  Total budget amount entered manually.
• Total Budget Amount - The total budget allocated to that particular task/ deliverable.
• Labor - The monetary value of the cost allotted for the wages
• Equipment - The monetary value of the cost allocated for the use of equipment and machinery for the work
• Subcontractor - Expenses related to external subcontracts, if any. 
• Material - The monetary value of the cost allotted for the materials used for the work
• Others - Miscellaneous expenses like transportation, material handling, fees paid to various vendors, agencies, and more.
• Overhead - Operation costs that the company bears
• Profit - The profit gained by your company from the work item
• Assigned to - The contractor to whom the budget line item is allocated

Note:

The subcontractor budget is always in read-only mode. You can chat with the team members at any time. Click thebutton on the top right. See Chat and Collaborate for more guidance.