Understanding the Cost Status Report format

The contents of a cost status report are as follows:

1. Submitted To/By information. Generated using the customer's contact information and the information entered in the My Company Info section of the Options Tool.
2. Project Description. Displays the project's title and description, as defined in the Project Manager. This is accompanied by the project's base cost.
3. Accepted Alternates. Displays the descriptions of the accepted alternates along with their respective costs.
4. Project Total Cost. A revised project total cost incorporating the costs off all the accepted alternates.
5. Paid To Date Amount. This is generated from the payment history data inputted into the Cost Status screen.
6. Amount Due. The difference between of the Project Total Cost and the Paid To Date Amount.
7. Undecided Alternates. Displays the descriptions of the alternates that have not yet been decided upon, along with their respective costs.
8. Payment History. Displays a list of the payments the client has made, including a note and date of receipt. This information is used from payment history data inputted into the Cost Status screen.