SpecBreak Description
A Committed Cost refers to the responsibility of making a payment for a product or service at a designated time in the future. It’s advisable to consider all contracts for goods and services, including verbal agreements, as committed costs as the services are rendered. Begin your journey today by funding your CommittedCost Software Account, and watch your balance decrease with each Daily Report you submit. You will receive a notification to top up your account when your balance dips below $200. For a nominal fee, we will assist in creating your AFE templates, Cost Center Templates (Op-Ex), and even set up your AFE’s (Budgets). You can expect to be operational within just a few hours after setup. With this efficient system, managing your costs becomes a seamless experience.
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