Earned Value
Earned Value (EV) definition for contractors. Learn the power of measuring the actual value of work performed against your budget.
Calculation Formula
EV = % Actual Completion × BAC Real Contractor Example
You should be 40% done (PV=$400k), but you are actually only 35% done with a $1M project. Your EV is $350,000.
Put This Into Practice
Knowing the definition is step one. RemodelFin tracks this in real time on every job — no spreadsheets.