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Budget Variance

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Budget Variance
In accounting, the difference between the estimated and actual cost of a project or other operation. See also: Budget report.


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Two related techniques can help keep the financial ship of state on course: cash flow analysis and monthly budget variance analysis.
Underpinning our project oversight was a thorough grasp of all soft cost vendor contracts we issued on behalf of the hospital--a highly complex series of agreements that we tracked via our unique software that highlighted approvals, paid invoices and any budget variances Next we issued another RFP, this time to five construction managers/general contractors skilled in medical construction.
 
 
 
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