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Frequently asked questions
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Manually in spreadsheets, most QS teams spend 2-4 days per month compiling CVR packs. With a system like Planyard that calculates CVRs from live project data, preparation drops to minutes – the report is always current because it’s built from data already in the workflow.
Yes. When purchase orders, invoices, valuations, and variations are processed through a single system, the CVR calculates automatically. There’s no separate reporting step – the financial position of each project is always visible in real time.
A cost report typically shows what has been spent to date. A CVR goes further – it reconciles costs against value (income from the client) and forecasts the final cost and margin at project completion. It includes committed costs, variations, and adjustments that a basic cost report misses.
In the UK, the Quantity Surveyor (QS) typically owns CVR preparation. In other markets or smaller firms, it may be the project manager or commercial manager. The audience is usually the company’s directors (internal CVR) or the client (external CVR).
Monthly is the industry standard, timed with valuation cycles. However, more frequent updates give earlier warnings on margin erosion. With automated CVR systems, the data is live – so the question becomes less about frequency and more about when you choose to review it.
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