Variance
Construction variance definition. Learn how to track the difference between your estimated costs and actual field expenses.
Calculation Formula
Variance = Estimated Cost - Actual Cost Real Contractor Example
You estimated $2,500 for plumbing materials. Due to a supply shortage, the actual invoices totaled $2,950.
Put This Into Practice
Knowing the definition is step one. RemodelFin tracks this in real time on every job — no spreadsheets.