Estimate at Completion
Estimate at Completion (EAC) definition. Learn the forecasting technique to predict what a project will actually cost once finished.
Calculation Formula
EAC = Actual Costs to Date + Estimate to Complete (ETC) Real Contractor Example
You have spent $200k on a $500k project. However, you estimate you need another $350k to finish. Your EAC is $550k ($50k over budget).
Put This Into Practice
Knowing the definition is step one. RemodelFin tracks this in real time on every job — no spreadsheets.