Ruan Struwig, Founder & Director of Vanstone Constructions
All images in this blog article are generated by AI.
In construction, your margins live and die by your ability to track costs. Too often, budget overruns are spotted only when it’s too late to act. Manual spreadsheets, outdated reports, and scattered data leave even the best teams exposed. Loop’s new Cost Forecast feature changes the game, giving you live visibility over every dollar, from the moment your Scope of Works (SOW) is authorised.
From Hours of Manual Entry to Instant Forecasts
With Cost Forecast, the moment your SOW is approved, your forecast is ready. No manual entry of cost centres or cost codes required.
It doesn’t stop there. Your forecast dynamically updates with:
- Variations
- Purchase Order data
- Expenses
- Staff costs
This means your numbers are always current, without chasing spreadsheets or reconciling conflicting reports.
Early Warnings Before Blowouts Happen
The feature reports on costs and flags them. If a project is heading towards a “blow out”, you’ll see it in time to do something about it.
You can drill down by cost codes, view justifications for changes, and allocate expenses and staff costs with precision. The result? Hours saved every month and fewer budget surprises.
More Than Cost Forecasting: The August Release at a Glance
While Cost Forecast is the headline, this release also includes:
- Finance Box Clarity: “Committed Costs” is now “Allocated Costs” to match Cost Forecast terminology.
- Workflow Page Clean-Up: Hide disabled workflows in admin to keep your view clutter-free.
For builders and insurance contractors, the difference between a profitable job and a loss-maker often comes down to knowing the numbers early. Loop’s Cost Forecast gives you that clarity: live, accurate, and without the admin burden.
