Construction Budget Management
The cost component of a project is the most visible, if not the most important aspect of a construction program to most of our customers. Our construction budget management services will help you set an accurate budget from the beginning and manage that budget as project changes occur. With our daily experience in local market prices and in bidding building components and systems, our input into the budgeting process is invaluable.
Our estimating group, comprised of experienced estimators in all disciplines, works closely with the design team to develop complete, accurate budgets tied to the project scope. When the project scope is defined, the budget is established based on current market pricing.
On a regular basis, our construction budget management team updates the status of the project budget and provides the owner with a monthly updated cash flow report.
In addition to developing complete project estimates, our construction budget management and cost estimating services also include reviewing cost-loaded CPM schedules and proposed major change orders, evaluating value engineering proposals, preparing independent cost evaluations on selected change orders, and assisting with change order negotiations, when necessary.
Construction budget management may include:
- Conceptual estimate—cost per square foot used during master planning and budgeting
- Schematic design estimate—detailed design estimate based on schematic documents
- Design development estimate—further detailed design estimate including materials, labor and equipment unit costs
- Completed construction documents estimate—final estimate before submitting the project for bids. Includes detailed material, labor, and equipment unit costs