Tag

Pay Applications

Feature Data

How to compute SPI and CPI from pay application data, with a $12 million example

SPI and CPI compare earned value from the pay application to the baseline plan and to job cost. This example works both for a 12-month job at month six.

10,800,000 12 · +4.3% on the period

Earned value has trailed the plan since month one

Cumulative dollars by job month, example job with a $10.8 million cost budget

Earned value has trailed the plan since month oneLine chart with 12 points from 1 to 12. Series: Planned value, Earned value, Actual cost. Values range from 340,000 to 10,800,000.05,000,00010,000,00015,000,00013579121: 350,0002: 900,0003: 1,650,0004: 2,600,0005: 4,050,0006: 5,610,0007: 6,900,0008: 8,000,0009: 8,950,00010: 9,700,00011: 10,350,00012: 10,800,000Planned value1: 340,0002: 860,0003: 1,550,0004: 2,400,0005: 3,600,0006: 4,920,0004,920,000Earned value1: 345,0002: 880,0003: 1,600,0004: 2,500,0005: 3,780,0006: 5,210,000Actual cost
Earned value has trailed the plan since month oneLine chart with 12 points from 1 to 12. Series: Planned value, Earned value, Actual cost. Values range from 340,000 to 10,800,000.05M10M15M17121: 350,0002: 900,0003: 1,650,0004: 2,600,0005: 4,050,0006: 5,610,0007: 6,900,0008: 8,000,0009: 8,950,00010: 9,700,00011: 10,350,00012: 10,800,000Planned value1: 340,0002: 860,0003: 1,550,0004: 2,400,0005: 3,600,0006: 4,920,0004.92MEarned value1: 345,0002: 880,0003: 1,600,0004: 2,500,0005: 3,780,0006: 5,210,000Actual cost
Example figures. Planned value runs through month 12; earned value and actual cost stop at month 6.

All stories in Pay Applications

7
DateTrendCategoryTitleSummary
AINetSuite plans AI agents that turn estimates into job budgets and draft pay applicationsNetSuite's planned construction product uses AI agents to turn estimates into schedules of values and job budgets, and to draft monthly pay applications.
DataHow to compute Prompt Payment Act interest on a late federal pay application, with a $6,740 exampleFederal agencies owe interest on late construction payments. This example computes it for two pay apps and a retainage release at the 4.75% rate.
AITrack3D prices AI progress tracking at $0.15 per square foot and adds site photo documentation at no extra costTrack3D turns end-of-day site captures into percent complete by level, trade and area, checked against the schedule, for $0.15 per square foot.
DataHow to adjust days sales outstanding for retainage and billing cycles, with a 51.6-day exampleA contractor's DSO mixes retainage, bills not yet due and bills past due. This example splits a 51.6-day DSO into those pieces by owner.
AIServiceTitan opens its Max AI pilot to commercial contractors with daily log and invoice agentsServiceTitan's Max pilot gives commercial and roofing contractors AI agents that draft foremen's daily logs and review invoices.
DataHow to track retainage aging by job and by owner, with a $1.35 million example FeatureRetainage aging starts when the release comes due. This example sorts $1.35 million of retainage on six jobs by job, by owner and by days past due.
DataHow to compute SPI and CPI from pay application data, with a $12 million example FeatureSPI and CPI compare earned value from the pay application to the baseline plan and to job cost. This example works both for a 12-month job at month six.