Claremont Controls Ltd


Categories: Cost Management

What cost coding structures are available in HighStone?

HighStone provides a generic cost coding system that is based on a three-level hierarchy that can be applied across the entire contract for cost control management.  Implementation of this structure will depend on the target client environment.  A typical layout could be based on a top level of projects or schemes, followed by core management tasks with works packages or works stages at a second level, and task activities at a third level.

Does HighStone provide actual cost versus forecast cost reporting?

Yes.  HighStone does provide functions for forecast costs to be created from either a source schedule of rates for major schemes and projects, or from annual budgets for on-going routine maintenance tasks.  Actual costs incurred through staff, plant and materials can be reported against budget and forecast costs.