The key word from all of this is transparency!
By using cost categories from start to finish on every project, you also start to build something incredibly powerful— a decision engine. You will be able to: Compare the bid amount for each line item and, more importantly, where each line item priced out at project completion. Identify which line items resulted in change orders that increased your total cost. Compare specific line items across similar projects. Compare the performance and costs between similar vendors from different projects. You can have this data and more at your fingertips simply by harnessing the power of line items.