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cost estimating budgeting

Construction Cost Estimating and Budgeting

Early budgeting is an essential tool for managing the project.

Stonemark views cost estimating & construction budget management as essential functions of effective project management. Whether for a residential or commercial project, one of our first tasks is to ensure an accurate construction budget and include all soft costs to develop a total project budget which is part of the construction budgeting process. We prepare a critical cost analysis of requirements and set targets to meet project goals. Utilizing sophisticated cost management systems, we track all documents and costs from initial budgeting through project completion, controlling variances to ensure on-budget delivery.

 

  • Develop a construction project budget as early as possible
  • Analyze project requirements and drawings to verify scope
  • Oversee contractor in performance of detailed line item construction project cost estimation
  • Prepare soft cost budget including all consultants
  • Analyze utility, permitting, testing and inspection costs
  • Establish FF&E design and budget
  • Determine and analyze cash flow requirements
  • Oversee value-engineering and improvements in cost and schedule
  • Implement ongoing controls for real-time tracking of cost impacts

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I reckoned the expense of having an Owner's Rep was about 4% of the total project cost, but it saved 10-15% in design and construction expenditures and in keeping the project on schedule. As a person who has never built a home before, I would have been overwhelmed with understanding the process and pitfalls without Stonemark.

Estate Owner, Montecito