Reason for Variance - FIN
p. p. 1
Reason for Variance - FIN This project was underspent by $367,611 compared to the approved budget of $2,456,609 for a total of $2,088,998. The variance is primarily driven by un-utilized contingency. Additionally, less internal labour was...
AI summary The project was underspent by $367,611 due to un-utilized contingency and lower internal labour costs than originally budgeted, resulting in a total expenditure of $2,088,998.