How can users define budget items in Procore?

Defining budget items in Procore is primarily done using the Budget tool. This feature allows users to create, manage, and track the project budget in an organized manner. The Budget tool enables project managers and team members to input specific budget items, assign costs to different categories, and maintain an overview of how the project’s finances are progressing.

The Budget tool provides functionalities such as breaking down costs into line items, linking budget items to commitments (like contracts and subcontractor agreements), and allowing for real-time updates as changes occur during the project lifecycle. Its specific design to handle budgetary concerns makes it the most suitable option for defining budget items compared to the other choices.

While other options like Reporting, Contracts, and Change Orders play important roles in project management, they do not specifically pertain to the direct creation and management of budget items. Reporting offers insights and overviews based on data already input, the Contracts module deals with the agreements and obligations, and the Change Order process is for managing alterations to the original scope or budget rather than defining initial budget items.