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The contingency sheet
The labour bill is a downloadable report into an excel spreadsheet. This now includes a contingency worksheet and contingency column to help track any contingency costs which occur on the live project .
Below is an example of the exported labour bill and contingency worksheet.
A. Select the 'Export labour bill' button and open the Excel spreadsheet.
B. The contingency tab itemises all contingency costs occurred on the project at the time the spreadsheet is exported.
C. Therefore, on an item by item basis you can see where there have been costs incurred by contingency.
Anything ordered from contingency or in excess of its requirements in a specific package / zone is clearly indicated, which means you can cross reference this report to the 'Project Hub' charts if they show you have incurred some contingency spending that you didn’t expect.
By reviewing the contingency report, you can see the extent of any material or labour procurement not within the known scope of the project and determine what steps need to be taken to recover as much as possible and mitigate against the rest.