10 / 28
Kolter Homes Policies and Procedures
Policy No. 5.5.1 Model Estimat eMonthly Reporting
Page 2 of 2
- (Location
: M:\Operations\Purchasing\Finance Meetings)
Directors of Purchasing (cont):
- Instruct Purchasing Agents to review
- Any cost changes made throughout the month to the model estimate must be approved by the Project
Director/VP on a Master Budget Update Form
(N:\Operations\Purchasing\Procedures\Budget
Changes)
Purchasing Agents:
- Add detailed explanation column to spreadsheet saved in Finance Folder
- Sort the file, so that only variances appear
- Provide detailed explanations for the variances
Project Director:
- Receives completed review from Directors of Purchasing
- Asks for further explanation/clarification if needed
- Signs documents and returns to Director of Purchasing
- Updates Margin Analysis & executes a Price Change Notification (PCN) if necessary
- The Project Director has five calendar days to complete items above
DocuSign Envelope ID: BE29185A-4753-47D9-B300-64A648827D19