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Budget & Schedule Management

Control of the budget & schedule starts with clear program objectives.

Top 10 Benefits of Professional Construction Management
Top 10 Benefits of Professional Construction Management

Thе bеnеfitѕ of professional соnѕtruсtiоn mаnаgеment include highly skilled рrосеѕѕes that fасilitаtе рlаnning, сооrdinаtiоn аnd соntrоl оf а рrоjесt frоm inсерtiоn tо соmрlеtiоn. A professional construction manager will bаlаnсе thе соmреting nееdѕ оf соѕt, ѕсоре аnd [...]

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How BIM Can Help Owners Save Money
How BIM Can Help Owners Save Money

Electronic drafting programs and other modeling software has changed the way construction projects are designed. Design teams are now able to work together in cyberspace, seeing their designs come to life well before construction begins. The [...]

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Why Owners Should Insist on Lean Construction Methods
Why Owners Should Insist on Lean Construction Methods

Lean construction is a concept from the past that has seen a rebirth in the construction industry. The principles behind lean construction were born in manufacturing during World War II. It is only in recent years [...]

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What Mass Timber Construction Means for Commercial Development
What Mass Timber Construction Means for Commercial Development

Wooden high-rise structures may seem like something from a fictional story, but they are becoming more of a reality since mass timber construction came online. It isn’t just for tall structures, it can also be used [...]

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Benefits of Modular Construction
Benefits of Modular Construction

Prefabrication of building elements, which can also be called modular construction, offers benefits for project owners that include lower costs, less material waste, and faster construction schedules. This method of construction can be especially beneficial on [...]

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Which Delivery Method is the Most Appropriate for Your Construction Project?
Which Delivery Method is the Most Appropriate for Your Construction Project?

A construction project's planning, design, and construction can be organized in several ways, also known as delivery methods. Like contract types, delivery methods dictate the contractual relationships between the client and the contractor, while adding the [...]

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Construction cost estimation and budgeting are some of the best practices that dictate a total project budget  includes design and construction costs and all anticipated or potential costs for the project be developed as early as possible. This will provide the road map for what is to be built and how, when and to whom funds will be allocated over the life of the project. Budgeting is highly dependent on both duration and the resources assigned to the project. Once the initial budget is established, it becomes an essential tool for managing the project to meet the owner’s program objectives and budget requirements.

Budget and schedule controls begin with retaining the right project team. The architect should be evaluated not just upon design, but on their ability to produce drawings on time, within budget, and in sufficient detail for the contractor to build efficiently. An excellent strategy is to retain a general contractor or a professional cost estimator to provide early preconstruction services that include budget preparation and critical path schedule. The general contractor’s fees are a large part of the budget and are based entirely on duration – any increase in time also extends the fees for all other project participants. It takes a talented and experienced construction manager to review their results, determine they are accurate and realistic, and look for any opportunities to reduce the owner’s costs by accelerating the schedule.