Budget
A financial plan for a construction project, detailing expected costs and expenditures.
A budget outlines the financial parameters of a project, detailing expected costs and providing a framework for financial control and decision-making throughout the project's lifecycle.
Used in a sentence
Sticking to the project budget requires careful monitoring of all costs and adjustments as necessary.
Synonyms/variation
Financial Plan
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Estimate vs. Budget: Tools to Guide Construction Financial Planning
Whether building a residential home, a commercial complex or a large-scale infrastructure development, understanding and managing costs is key to completing a project on time and within financial limits. Effective financial planning allows project managers to handle unexpected challenges and maintain client trust. Two primary tools in financial planning for construction are the estimate and […]
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