Budgeting/Bidding - Experience is key to putting together a good bid or budget.
Conceptual budgeting is part art and part science. We have to understand the ‘big picture’, looking for long-range solutions rather than shortsighted projections.The budget is derived from real world examples and past projects and experiences. The lack of information does not negate the importance of a conceptual budget, because it can make an appreciable difference in the cost effectiveness, feasibility, efficiency, and outcome of a project.
In developing a conceptual budget, working with end user and general contractor can bring about the best possible outcome.
Though budgets can be tedious, the fiscal element of any project can never be underestimated or overlooked, especially in today’s economy. The constructability of a design results in a cost-effective budget and smooth construction processes. The traditional design-bid-build.