Developing an Accurate Construction Project Budget

Historical data can guide the project budgeting and estimating process, and a thorough understanding of equipment costs and job site variables can help ensure the profit margin you’re looking for

Developing an Accurate Construction Project Budget

Your own historical project data can be a good starting point when estimating a new job, but there are many other factors to consider as well to achieve a truly accurate project budget.

When developing a construction project budget, there is no better information than historical information.

“If your company has been around a while, chances are that you’ve done a similar project in the past,” says Gil Gilbert, fleet director of the pipeline division for...

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