A commercial construction budget is influenced by a number of factors. Exceeding the budget can easily occur for reasons beyond the control of the owner, contractor, and project manager, including:
Estimating a project's cost is the first step of construction cost containment. The project budget should list the essentials (non-negotiables) as well as the negotiables (the aspects of the project that can be reduced, modified, or eliminated in order to contain costs. Each line item should be carefully researched, sourced, and have a realistic cost applied to it. The budget should also include contingency funding.
We will take responsibility for overseeing each phase, change order, and plan alteration to the construction project. We have a well-defined process for change order submittal, review, and authorization. We will keep continual monitoring and updating of the budget so that you and your team knows where the project financially stands all the way to completion.