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Monday, June 21, 2010

Construction budgeting process

Cost Control and Budgeting is the most vital factor for owners to maintain control of costs during the construction process. With construction budgeting, the owner can get a view of what the realistic final cost will be.

A capital improvement budget will help owner to raise fund early in the process and that will affect the final design and construction cost.

Besides, construction budgeting also plays a vital role in the selection of a designer for the project success. The owner can fix up the project design criteria once it gets an idea about the budget. The owner then approves the design and sent it to the designers for transforming the design into plans and specifications appropriate for construction.

If any project comes in over budget then it will create a great monetary loss and hamper the productivity.

We at global associates come up with some good cost estimating & takeoff softwares which can provide transparent and best possible cost reliability via forecasting, monitoring and controlling of costs. All project data are accessible at any time and are up-to-date all through the phases of evaluating economic efficiency, budgeting, tendering and invoicing.

Rajib Dey
The construction estimating

1 comment:

  1. A budget is best completed at the beginning of your project so that you can estimate your costs, You need to consider two factors. First, there are hard costs, which are defined as the labor and material required to complete. Then there are soft costs, which take everything else into consideration.
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