Can we set the cost basis for new CVs 'Latest Cost' or 'Latest Price' in the Change Events tool?
Answer
Yes. To provide Procore users with a more precise method for tracking financial changes in the Change Events tool, project teams can configure the tool to create new commitment variations using the Latest Cost or Latest Price value. To configure this setting in the Change Events tool, your team must also enable the Variations tool. See Enable the Variations Tool
For each project, authorized users can configure one (1) of these options to maintain accurate cost records, gain visibility into your profit margins on variations, effectively manage the project's budget and ensure reliable financial reporting. This helps to ensure that your financial records are accurate. For instructions, see Configure Settings: Change Events.