A review and analysis of the Construction Budgets will confirm that the project can actually be built for the amount proposed and anticipate areas of budgetary discrepancies which have a major affect on the implementation and quality of the construction.
- Mistakes made during Early Estimation are Prevalent
- Errors made during Bidding are fewer
- Review Analysis of the Contractor's Budget for:
- Adequacy of each line item
- Adequacy of the entire Project Budget
- Quantity and Unit Price Take-Offs
- Analysis of Budget Allowances, Contractor Fees, and General Conditions
- Evidence of Front End Loading
- Comparable Budgets for National Region
- Comparison of Budgets to Construction Contracts