Features Below Available To: ✅ Grow Plan ✅ Track Plan ❌ Free Plan
Tracking projects' square footage and construction costs in Monograph provides you with data to set better client expectations, improve proposals, and track the performance of your fees.
Adding Square Footage and Construction Costs
Unit of Measurement
Before adding the square footage and construction cost information to each project, first, confirm that the unit of measurement is correct within your Settings.
Navigate to Settings > Organization > Regional Preferences > Edit and then under Unit of Measurement, select Feet or Meters.
Adding Project Information
To add square footage and construction costs to a project, open the project and navigate to Details. From there, scroll down to Project Size and click the Edit button to enter the necessary information.
Once the information is entered, click Save.
Gross Square Feet - the total area of enclosed space measured to the exterior walls of a building.
This includes everything in a facility, even unusable spaces (for example, areas in between walls).
GSF is the total space a facility takes up, regardless of whether or not the space is used.
Net Square Feet - the total area of usable space that’s available for furnishings, equipment, and personnel.
This is GSF minus the unusable space. This paints a more accurate picture of what space is available to your organization.
Areas included in NSF are measured from the inside finished surface of their surrounding walls, excluding any area bounded by structural columns, shafts, or outside finished surfaces.
Construction Cost - the estimated total cost to build the project.
After the information has been added to the project, it will be used to populate the square footage and construction costs on the project's Overview page as well as in the Revenue Analytics.
How to Use in the Projects Revenue Analytics
After the square footage and construction cost have been added to a project, the information will be used in the following columns of the Projects Revenue Analytics:
Fee (Planned) / Sq Ft - Planned Fee divided by square footage.
Fee (Issued) / Sq Ft - Issued Fee divided by square footage.
Cost / Sq Ft - Construction Cost divided by square footage.
Revenue / Sq Ft - Revenue Collected divided by square footage.
Revenue Collected divides the total amount of paid invoices by project size.
It does not include any amounts that are past due or still open.
To add these columns to the Projects Report, click on the icon in the right corner above the chart and then select the columns that should be shown within the report.
