Cost Report Software

Cost Reporting

Generate clear project cost reports with real-time budget, forecast, and financial performance data for construction teams.

Project cost overview screen showing budget, forecast, commitments, and payment progress with real-time update indicator.
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Real-time cost reporting for confident project control

Replace manual cost reports with a live construction cost reporting system. Consolidate approved budget, commitments, variations, forecasts, and actual payments into a structured cost report that updates automatically from your project data.

Bulk upload of contract PDF in Mastt with AI filling contract details automatically

See your true cost position instantly

Access a consolidated cost overview page that brings together core financial metrics. All values update from recorded budgets, contracts, change orders, forecasts, and payments. Track performance without exporting data into separate reports.

📊 View the approved budget, current forecast, committed cost, and actual payments together.

💰 Track remaining budget and uncommitted balance in real time.

📈 Monitor the variance between the approved budget and the forecast cost.

🗂 Review grouped cost data by budget line and cost category.

Drill into the details behind every number

Move from high-level totals to detailed breakdowns across contracts and cost codes. Understand exactly what is driving changes in your financial position.

📄 Use the cost tracker to open individual budget lines to review commitments and spend.

📑 See contract values and approved changes reflected in committed totals.

🔄 Track forecast adjustments against specific cost categories.

💵 Review payment records recorded against each contract.

Executive Dashboard for Capital Improvement Programs
Executive Dashboard for Capital Improvement Programs

Report through live dashboards and exportable cost reports

Present financial performance using real-time dashboards and structured reports. All calculations draw directly from recorded project data within Mastt.

📊 View cost performance in live dashboards for instant visibility.

📋 Generate consistent monthly cost reports from the Cost module.

📤 Export reports for executive and board-level reporting.

🔎 Maintain a clear audit trail across reporting periods.

Flexible Pricing Plans

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Starter

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Free
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Month-to-month

Professional

Flexible month-to-month plan, payable by credit card. Add projects as you grow and access free videos, training, and guides.

from $150

per month

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Enterprise

Full enterprise features, advanced security, and dedicated human rollout support.

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FAQs about Cost Reporting Software

Cost reporting software is a construction cost management tool that tracks approved project costs in one system. It helps project teams monitor financial performance and produce accurate cost reports using live project data.
Cost reporting software is used by project managers, cost managers, PMOs, finance teams, and executive stakeholders. The tool supports funding decisions, contract oversight, forecast reviews, and board-level reporting across capital projects.
A construction cost report includes approved budget, committed cost, forecast cost, actual payments, and remaining balance. It may also show approved changes and variance between budget and forecast.
Mastt's Cost module pulls together approved budgets, commitments, forecasts, variations, and recorded payments into a single Cost Overview. As data is updated across the project, totals and variances update automatically for accurate reporting.
Yes. Cost data can be viewed in structured dashboards and exported as formal cost reports. Reports reflect live project data, removing the need for manual spreadsheet consolidation.
Yes. Mastt allows cost reports to be exported for stakeholder and board reporting. The exported data reflects live project figures stored in the system, ensuring consistency between dashboards and formal reports.
Yes. A centralized cost reporting system reduces manual consolidation by linking budgets, contracts, forecasts, and payments in one environment. This improves accuracy, auditability, and reporting speed.

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Andrew Benn, WSP Technical Director

"With Mastt, our client can see the status of the project anytime, reducing back and forth queries, and not having to wait until the end of the month to receive a monthly report."

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Rebecca White, RPS Program Manager

"Mastt has saved our team significant time and effort in managing the financials elements of 65+projects. The team now has total visibility over their individual projects as well as the overarching program of works."

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Erik Maasepp, Capital Insight Senior Project Manager

"Mastt takes away a lot of user error that spreadsheets bring. With Mastt, we are able to combine multiple projects into programs or portfolios for management level analysis and direction."

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CAPT. Dan Foley, Army Digital Transformation Manager

"Mastt is increasing the team’s tempo and productivity by enabling real time information across our portfolio of projects. This transparency is assisting us to make informed decisions, to identify opportunities and reduce the risk."

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Dan Atkins, Jacobs National Program Manager

"Mastt's ability to record critical financial information as well as program forecasted delivery and milestones put Jacobs in a favourable position to our clients."

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Mohammed Salameh, Compass' Associate Director

"Moving to Mastt is one of the best decisions my team has ever made. It’s cost-effective, easy to use, and a quick set up."

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Fergus Bruce, Project Manager at WSP

"A key factor in our decision to adopt Mastt is its user-friendliness. It had to continue to empower us to work smart, allowing us to consistently deliver excellence across multiple sectors and geographic regions."

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