Material Allowance Worksheet

MATERIAL ALLOWANCE WORKSHEET
Project Address: [Property Address]
Project Manager / Owner: [Owner/PM Name]
Contractor: [Contractor Name]
Worksheet Date: [Date]
Last Updated: [Date]
Total Project Budget: $[Total Budget]
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INSTRUCTIONS:
Enter the budgeted allowance for each material category at project start. Update the "Actual Cost" column as purchases are made and invoices received. The "Variance" column will show over/under budget status. A positive variance means you are under budget; a negative variance (shown in parentheses) means you have exceeded the allowance. Attach all invoices and receipts to this worksheet for record-keeping.
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MATERIAL ALLOWANCE LOG
Category | Item Description | Budgeted Amount | Actual Cost | Variance | Vendor/Supplier | Notes / Invoice #
FLOORING
Flooring | Luxury Vinyl Plank (LVP) — main living areas | $[Budget] | $[Actual] | $[Variance] | [Vendor] | [Notes]
Flooring | Ceramic/Porcelain tile — bathrooms and entryway | $[Budget] | $[Actual] | $[Variance] | [Vendor] | [Notes]
Flooring | Carpet — bedrooms (if applicable) | $[Budget] | $[Actual] | $[Variance] | [Vendor] | [Notes]
Flooring | Underlayment and adhesives | $[Budget] | $[Actual] | $[Variance] | [Vendor] | [Notes]

[Section 2 — continued...]

[Section 3 — fill in your details...]

[Additional clauses and provisions apply...]