To create a cost model in the online TestFit application, save the deal to the cloud and log into your account.
Next, view the deal in the cloud and select the scheme for the cost model.
With the scheme selected, click the down arrow to expand the view menu and select Financial.
Once in the Cost Model, expand phases by clicking on the drop-down menu arrow to add itemized costs per Basis Type.
Add Cost assumption values per Basis types and the totals will automatically be calculated. Then, assign a Cost Type or define a Cost Type per line item. Note, updates will automatically be saved.
Click on the "+" button to add customized line items to each Phase.
Assign a Cost Type by clicking on the specific Cost Type icons. Assignable costs include the following: Soft, Hard, Contingency, and Other which can be user defined.
The Cost Model can be exported to a CSV file and can be opened in Excel.
