By definition, a project budget is the total estimated cost of completing each project activity over each phase of a project. The project is important as it helps set expenditure expectations and is critical in getting project approval, ensuring funds are ready at the right time, and measuring performance. Nevertheless, Read more…
One of the common line items of every single capital construction project’s bill of quantity or schedule of values is preliminaries. Those are the cost of operating the construction project and would typically include the cost of Site staff, including the project manager, engineers, foremen, quantity surveyors, office manager, storekeeper, Read more…
For real estate developers and investors including special purpose vehicles (SPV) created for Public-Private-Partnership (PPP) projects, the cost of delivering a capital construction project is one of the many financial components needed to manage, monitor, evaluate and report on the viability of real estate investments. To have a complete financial Read more…
