A buyout log is a construction tracking document used to record subcontract awards, costs, and procurement status during project buyout.

A buyout log is a project management document used during the construction buyout phase to track the procurement of subcontractors, materials, and major scopes of work. It records key details such as bid amounts, awarded contracts, final costs, savings or overruns, and contract execution status.

In commercial construction, the buyout log helps project managers compare estimated costs against actual awarded values. It provides visibility into which scopes have been secured, which are pending, and how procurement decisions impact the overall project budget. Buyout logs are often maintained in spreadsheets or project management software.

From a cost control and reporting standpoint, the buyout log is a critical tool for financial transparency. It supports forecasting, change management, and internal reporting by clearly documenting when and how project costs are committed. Accurate buyout logs help reduce surprises later in the project and support informed decision-making.

On large commercial projects, a well-maintained buyout log can involve hundreds of line items—often becoming the financial backbone of the entire job.

• Issue Log