Budgets for projects should be set as early as possible.
A budget can be established by:
- Assessment of projected income and expenses through the life of the project.
- Comparison with similar projects.
- Assessment of the funds available.
- Pre-design analysis of requirements.
- Analysis of preliminary design options.
The client's total project budget may include:
- The construction cost.
- Land or property acquisition.
- Approvals fees.
- Planning costs (Section 106 Agreement or Community Infrastructure Levy).
- Financing costs.
- Site investigations.
- Fixtures, fittings and equipment.
- The cost of decanting and relocating, including costs associated with moving staff.
- Contracts outside of the main works.
- Consultant fees.
 Find out more
 Related articles on Designing Buildings Wiki
- Approximate quantities cost plan.
- Bills of quantities.
- Business plan.
- Capital allowances.
- Capital costs.
- Contract sum.
- Contract sum analysis.
- Cost consultant.
- Cost control.
- Elemental cost plan
- Final account.
- Initial cost appraisals
- New Rules of Measurement.
- Pre-tender estimate.
- Tender pricing document
- Whole-life costs.
Featured articles and news
Comment piece by KLH Sustainability "...22% of the workforce are over 50, and 15% are in their 60s. The industry is also losing out to competing sectors where work is more stable and pay is more competitive."
BIS seek expressions of interest for the sale of Constructionline, the pre-qualification service for construction suppliers.
£5.2bn of government construction projects are being paid through project bank accounts. Find out what they are..
Government seeks 'vanguard' local authorities to test new Right to Build for self builders and custom builders.