Here at Elite Events ECL we work in project manager roles within a wide range of construction projects. One of the areas we support our clients within our construction project management is with defining the budget. So much needs to be taken into consideration when putting a construction project together. But the budget is one of the most fundamental parameters.
Estimating and defining the budget for a construction project can be quite challenging. This is especially the case when you are looking after the rest of the construction project. This is where our team can help. Through our construction project management, we can oversee and define the budget, working with QS teams also. When done right, this can be one of the keys to the success of your construction project – so why not call in our construction project management specialists?
As your construction project managers there are four basic parameters that we keep in mind. Firstly, we will analyse the project and with the QS teams estimate the budget. We will then monitor the costs and keep a close eye on accounting too. This will result in the smooth-running financials for your construction project.
The first action we will take as your project managers, when defining the budget, will be analysing the project. This will include clarifying the objectives and limitations in place for the project. Once this is clear it is easier for us to see what you need to achieve and what is needed for these things to be achieved.
Based on this, we will create an estimation of the budget. This is where we will put all your project priorities in order and organise the budget alongside them. This task will result in a solid timeline. From this, we will work with you to collect bids from interested contractors.
As the construction project commences, we will keep an eye on the ongoing costs. This is done from the very beginning as it will enable us to see any potential misuse of the budget and resourced. This can be detected and resolved before it is too late.
Our project managers will work alongside your accounting team to ensure that all financial agreements are running according to the plan. A highly competent accounting team is vital to the successful budgeting of a construction project.
Need help defining the budget for your construction project? Contact our project managers now to see how we can help.