Construction projects will never get off the ground without financing. Money sets the gears of construction management in motion. Creating a construction budget, therefore, is one of the most important pieces when developing a construction plan.
What Is a Construction Budget?
A construction budget is an estimate of the money required to take a construction project from initiation to closure, including all associated costs and expenses that are accrued during the building process. While the budget is an attempt to forecast all costs in a construction project, it is imperative to allow for contingencies in a budget to accommodate any unforeseen building costs.
Pre-Construction and Cost Managers start with the project plan, logically a blueprint, in order to assess what materials will be required. Factors like job site preparation must be considered, which can include logistics and safety planning , demolition costs, equipment rentals, permitting and inspection costs.
As the project execution begins, other costs begin to appear. There are labor costs and safety requirements for all on-site workers. Transportation can be another cost. Residential and commercial construction projects will also have unique costs. It is necessary to consider and calculate all of these variables.
Budgeting and Cost Certainty at SavCon
Our construction budget development is realistic, and accurate, and identifies costs early to reduce surprises . We provide analysis, cost options and recommendations to build a better, more efficient project geared towards you. We have a broad library database of historical pricing that we utilize in all our budgets to ensure cost certainty. Our thought process results in the lowest change-order rate in comparison to our competitors.
Why hire SavCon for your construction project
At SavCon, we make it one of our highest priorities to accurately estimate projects, understand logistics and the best means & methods for each unique project in order to set expectations prior to job start.
Let’s work together TO BUILD YOUR DREAM PROJECT TO DESIGN YOUR PROJECT ON TIME AND UNDER BUDGET TO CREATE VALUE THROUGH DISRUPTIVE INNOVATION TO UNDERSTAND YOUR CONSTRUCTION NEEDS TO BUILD A LASTING RELATIONSHIP SO WE CAN MAKE YOUR CONSTRUCTION NEEDS A REALITY
BUILDERS WITH AN OWNER’S PERSPECTIVE
104 West 40th St – 17th Floor
New York, NY 10018
South Florida Division
1919 N. Flagler Dr. Suite 200
West Palm Beach, Florida 33407
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