Cost to complete calculator

Cost to complete vs final forecast

Cost to complete = open commitments + other remaining cost
Forecast final cost = actual costs + cost to complete

For $23,000 incurred, $5,000 unincurred commitments and $8,500 other remaining work, cost to complete is $13,500 and forecast final cost is $36,500. With $54,000 approved revenue, forecast gross profit is $17,500 and gross margin is 32.41%.

These are cost estimates, not a cash-flow schedule. An unpaid invoice for work already received belongs in actual costs. Taxes, overhead and unentered costs are not added automatically.