COINS CVR

COINS Cost Value Reconciliation (CVR) helps house builders and contractors analyze cost and value as quickly as possible and provides dynamic links to the source data.

STREAMLINED CVR PREPARATION

Cost Value Reconciliation brings together the established

totals for costs and value to illustrate the profitability of a

project. Preparing CVRs manually is a resource-intensive

task that derives data from multiple sources, typically

performed on stand-alone spreadsheets that are time

consuming to prepare and therefore often inaccurate and

out of date.

The COINS Cost Value Reconciliation module streamlines

this task with integration to the COINS database for quick

and accurate collation, reconciliation, and corroboration

of the data. COINS CVR captures data already in COINS to

produce flexible CVR reports on demand, with a full audit

trail, while still allowing surveyors to make adjustments if

required. The completed CVR can be produced in various

report formats or reviewed online via dashboards.

CVR ITEMS

CVR items are the defined values that you choose to capture

for inclusion in a CVR, at either the detail or summary level.

The sources for CVR item data include:

COINS system transactional data via COINS Business Logic - costs, revenue, plot events, commitments & accruals and budgets. This data may be extracted from:

• LandAppraisals–originalandcurrent

• ContractandProjectinformation

• DevelopmentandPlotinformation

• CostCategories

• CostHeadAnalysissummaryinformationandCostHeaddetail

• Subcontractinformation

• MaterialandPlantOrderinformation

The CVR Workbench

provides access to

key information for

all Developments

and CVRs.

Construction Industry Solutions

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User defined data (report stores, memo data, captions)

Calculations (using standard COINS calculation syntax)

Manualupdate(valuations,adjustments,datainput)

CHOICE OF CVR MODELS

Asitisbuilt,aCVRmodelisassociatedwithCVRitemsat

either the detail or summary level. COINS CVR supports

multiple CVR models or definitions to meet the needs of

different contract and development types for both house

builders and contractors. CVR models may be configured

and manipulated to match every business need.

Each contract or development is assigned to a CVR model.

Sample CVR models are provided, representing the varying needs of different types of contract and development.

Alertsandstylesareusedtohighlightcrucialoractionable items.

PERFORMING THE CVR

The CVR Workbench provides access to all contracts/

developments and CVRs. The CVR Calendar controls the

management and processing of CVRs and provides alerts

and monitoring for the CVR Workbench. Individual CVR

periods are typically aligned with the financial periods but

canbesetuptoallowforBankHolidaysorothercompany

requirements.

When a CVR is created for a contract or development, COINS

automatically processes the defined items and commits the

values into the CVR at the appropriate detail and summary

levels. The CVR can be updated repeatedly, allowing iterative

development of the CVR until it is flagged as complete or

locked.

CVRs are uniquely numbered, associated with a calendar period and user.

CVRs are defined as current, latest, or complete as required.

MultipleCVRscanbecreatedperperiod.

AllCVRItemsareupdatedwhenaCVRiscreated.

AtanystageintheCVRprocessone,some,orallofthe CVR Items can be updated

Definedsummaryvalues,valueadjustments,andnotes can be entered into the CVR.

Notes are available at every level, updateable, visible,

reportable; shown as a flag and quickly and easily

viewable with Tool Tips.

Once it has been created, reviewing, enquiring and reporting

on the CVR is straightforward, using pre-defined views.

Links from the CVR into COINS Enquiries allow for drill

downcapabilityfromtheCVR.AlldefinedCVRViewscanbe

made available as reports. In addition, interactive executive

dashboardscouldbecreatedinDesigner,sousersinthe

head office or on site can quickly monitor and investigate

the financial status of projects.

The review and update process may be automated to

incorporate an authorization process using COINS Workflow.

Attheendofthereviewandupdatecycle,theCVRcanbe

marked as complete.

BENEFITS OF COINS CVR Savings in time and staff resources in CVR

preparation.

Enhanced reliability through integration with COINS Financials.

Improved data integrity and clarity.

MultipleCVRmodelstomeetvaryingbusinessrequirements.

Flexible presentation in print or online formats.

CVRs remain in COINS for consolidated reporting and centralized storage.

OACVR1108