A Cost Value Reconciliation is a traditional method of project performance measurement within the Australian Construction and Engineering Industry.
In the COINS BPF module, the Cost Value Reconciliation (CVR) is a structured “point in time” record of all key project financial information, which provides the framework to review and apply measurement and valuation criteria against key contract level Job Costing and Financial information.Accounting integration options are also available to allow posting into the COINS General Ledger module to take-up relevant CVR valuation adjustments e.g., accruals, Work in Progress components into Balance Sheet and Profit Loss Statements.
A standardised BPF CVR model is built and deployed in many COINS clients to provide as an ‘umbrella’ over the COINS Job costing and Commercial Manager modules to source and present all key project quantitative and financial data to authorised users.
Full guide below: