Construction
SampleEvery deal being built: budget and contingency burn, completion slip, and the ratings.
Sample deals and sample budgets; no draw request or lender report is real.
- Under construction
- 2
- 318 units
- Revised budget
- $86.6M
- $820K over the original $85.8M
- Spent
- $41.0M
- 47.3% of the revised budget
- Contingency left
- $2.0M
- 1 burning ahead of the jobof $4.2M at the start
Is each job on budget and on time
SampleOverall is the worst of the team's three ratings and the computed one.
- Sample site: Cedar Lake flatsReviewBudget 61.9%Contingency 79.2%38 days late
- Sample site: Hiawatha yardsWatchBudget 27.1%Contingency 17.2%6 days late
| Deal | Overall | Budget used | Contingency used | Completion slip | Developer | Cost | Schedule | Computed | Details |
|---|---|---|---|---|---|---|---|---|---|
| Sample site: Cedar Lake flats | Review | Budget 61.9% | Contingency 79.2% | 38 days late | Watch | Watch | Review | Watch | |
| Sample site: Hiawatha yards | Watch | Budget 27.1% | Contingency 17.2% | 6 days late | Fine | Fine | Watch | Fine |
Sample site: Cedar Lake flats
Construction health, sample
- Overall
- Review
- Original budget
- $49.6M
- Revised budget
- $50.4M (+$820K)
- Spent to date
- $31.2M, 61.9% of revised
- Budget remaining
- $19.2M
- Original contingency
- $2.4M
- Contingency used
- $1.9M, 79.2% of original
- Contingency remaining
- $500K
- Original completion
- Apr 6, 2027
- Revised completion
- May 14, 2027, in 188 days
- Completion slip
- 38 days
- Developer rating
- Watch
- Cost rating
- Watch
- Schedule rating
- Review
- Computed rating
- Watch
Sample site: Hiawatha yards
Construction health, sample
- Overall
- Watch
- Original budget
- $36.2M
- Revised budget
- $36.2M (No change)
- Spent to date
- $9.8M, 27.1% of revised
- Budget remaining
- $26.4M
- Original contingency
- $1.8M
- Contingency used
- $310K, 17.2% of original
- Contingency remaining
- $1.5M
- Original completion
- Oct 3, 2027
- Revised completion
- Oct 9, 2027, in 336 days
- Completion slip
- 6 days
- Developer rating
- Fine
- Cost rating
- Fine
- Schedule rating
- Watch
- Computed rating
- Fine
How the ratings work
The developer, cost and schedule ratings are the team's own calls. The computed rating compares contingency used with budget used: fine while contingency is no more than 10 points ahead, watch up to 25 points ahead, review beyond that or once contingency is spent. Overall is the worst of the four.
Budget against spent
Original and revised budget, spent to date, and contingency, by deal.
| Deal | Original budget | Revised | Change | Spent | Remaining | Contingency left |
|---|---|---|---|---|---|---|
| Sample site: Cedar Lake flats | $49.6M | $50.4M | +$820K | $31.2M (61.9%) | $19.2M | $500K of $2.4M |
| Sample site: Hiawatha yards | $36.2M | $36.2M | No change | $9.8M (27.1%) | $26.4M | $1.5M of $1.8M |