Accurate construction budgets serve as a detailed project guide.
- Protecting profits starts with a good budget
- When we do an estimate it’s really a best guess
- That budget needs to be updated to match construction
- The project team needs to determine the project plan and adjust
- Create the budget along with the plan
- The ops team needs to develop a project plan
- They also need to create the schedule
- These can then be referenced to create an accurate construction budget
- The budget becomes the financial guide
- As you buyout subs and suppliers you have a budget
- When planning manpower you can reference the budget
- Determining the right equipment
- You can use the budget to track your progress and also check different scenarios