Last edited 02 May 2014

Budget

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 budget is set by the client and is distinct from cost plans prepared by a cost consultant which are likely to focus on the construction cost.

The client's total project budget may include:

It is important that the client makes clear what costs should be monitored by the cost consultant and what will remain within the control of the client organisation.

[edit] Find out more

[edit] Related articles on Designing Buildings Wiki