These capabilities are planned. This page describes what we intend to build; none of it is available today.
A budget that stays connected to every commitment and invoice
We plan to keep the development budget, the contracts that commit it and the invoices that spend it on the same cost codes — so that the estimate at completion is always explained by the lines beneath it.
Development Budgets Status: Planned
From the pro forma to a working budget, without retyping it.
- Land, hard and soft costs, financing costs and contingency, organized by cost code and category.
- A starting budget carried over from the project’s underwriting, then refined as bids and contracts arrive.
- Versions with a reason and an approver for each revision, so the current budget can always be compared with the original.
- Contingency tracked as its own line: what was set aside, what has been drawn on, and for what.
Every cost code, from original budget to forecast
How a cost-code table could reconcile budget, changes, commitments, actual costs and the estimate at completion. Synthetic figures for a fictional project.
Cost Tracking and Commitments Status: Planned
The difference between “spent” and “committed” is where overruns hide.
- Contracts and purchase orders recorded as commitments against budget lines, so uncommitted budget is visible before it is assumed.
- Invoices and pay applications recorded against those commitments, with retainage held and released tracked separately.
- An estimate at completion per line, built from the budget, the commitments, the costs to date and an explicit cost-to-complete assumption.
- Variances shown at the line and project level, each with the records that explain it.
The measures, defined
Planned definitions, written down before anything is built — the same discipline as the investment models.
| Measure | How it would be derived |
|---|---|
| Revised budget | Original budget plus approved changes |
| Committed | Signed contracts and purchase orders against the line, including approved change orders |
| Spent to date | Approved invoices and pay applications recorded against the line |
| Estimate at completion | Spent to date plus your stated cost to complete, never below what is already committed |
| Variance | Revised budget minus estimate at completion, in dollars and percent |
Contracts and Change Orders Status: Planned
Every change, with its cost, its reason and its approval.
- Contract values, scopes, payment terms and retainage per contractor and consultant.
- Change requests logged with their reason, the proposed cost and schedule impact, and their status.
- Approved change orders traced to the budget lines and contingency they move, so the revised budget always reconciles.
- A history of who requested, reviewed and approved each change, and when.
What it is not planned to do
It is not planned to be an accounting system, pay invoices or prepare tax filings. Costs would be recorded and reconciled for oversight; payment and bookkeeping would stay in the systems and with the professionals responsible for them.
Tell us how you budget and track development costs today.
Registering interest sends us a short note. It does not create an account, a reservation or a commitment of any kind.
Important
Development Management and every capability described on this page are planned. None of it is available in the product today, no launch date is committed, and scope may change or be dropped. As planned, Open Property Deals would keep a record of each project; it would not hold, move or disburse funds, originate or service loans, act as a contractor, inspector, escrow or title agent, or give investment, legal, tax, engineering or lending advice.
This capability is planned. It is a statement of intent, not a commitment; scope, timing and availability may change, and it may not be released.
Important
Open Property Deals is an information and analysis tool. It is not a broker, lender, investment adviser or listing service, and nothing on this site is an offer to buy or sell real estate or securities, or investment, legal or tax advice. Property records come from public sources and may be incomplete or out of date. Estimates and projections depend on assumptions that may prove wrong; real estate investing involves risk, including loss of capital. Verify every figure independently and consult licensed professionals before making a decision.