What is Balance to Complete (BDC)?
Balance to Complete (BDC) is the approximation of all costs and expenses spent on a job. The costs estimated in balance to complete are direct and indirect costs. Direct costs such as costs of materials, wages for labor are attributed to the production of goods and services. Indirect costs in the other hand include, facility cost, administrative cost, among others.
BDC is often used in the construction industry. It evaluates the costs involved in the realization of a project or execution of a job from the point of initiation to completion.