How do you perform a completed-project review?
The records, calculations, and questions builders should use after a residential development project closes.
Direct answer
A completed-project review compares the original plan with the final result. It should reconcile the original budget, revised budget, final job cost, financing and carry, project dates, sales outcome, and profit. The goal is not blame. The goal is to understand where the money went and what should change before the next project starts.
Key formula or definition
- Core comparison
- Original budget → revised budget → final actual cost → sale outcome → project profit → lessons for the next budget.
Why it matters
Builders often finish a project and move immediately to the next one, leaving the real lessons buried in old files.
A structured review turns closeout records into operating memory for the business.
Example
A completed project may show that the total budget was close, but sitework, financing carry, and sales concessions absorbed most of the contingency.
That changes how the next budget should treat risk, even if the project looked acceptable at the total-cost level.
Illustrative numbers only. Not Bivvit benchmark data.
What changes the result
- Whether final invoices and closing statements are complete.
- Whether the original pro forma is available.
- Whether change orders and revised budgets are separated from the original budget.
- Whether project start, completion, and sale dates are documented.
How Bivvit handles it
Bivvit organizes the records builders already have and turns them into a clear project-level review.
One project gives a review. Several projects begin to show a builder-specific baseline.
Related questions
See what happened on your own project.
Send us the records from a completed project. Bivvit will organize the numbers and show what the records support.