One of the most frustrating parts of the preconstruction process is budget estimate creation. If a budget comes in too high, you risk having your competence questioned and potentially tying up funds that could have been put to good use. More commonly, the budget estimate is much lower than contractor bids.
This harrowing situation forces you to choose between two painful options: Cut project scope or ask for more money. Detract from the building users’ experience or hurt the bottom line–this is a choice no one likes making.
The good news is that you can avoid the choice between cutting scope and going over budget. The answer lies in creating more accurate budget estimates, beginning with a comprehensive Scope of Work (SOW).
Download this eBook from Gordian today and learn what you need to know about creating a Scope of Work that will get your estimate off to a winning start..