Pre-Construction Budgeting 101

“A budget is telling your money where to go, instead of wondering where it went” – Dave Ramsey

A construction project requires huge capital. It is a great investment that requires utmost detail to attention. Navigating through each part of the pre-construction phase can be overwhelming, so having a pre-construction budget fixed eases most of the process. This article explains the particularized process of preparing a pre-construction budget and how Riise can help you beat the budget blues!

What is pre-construction?

Pre-construction is the thorough process of analyzing all the nooks and crannies of a construction project before delving right into it. The pre-construction phase entails that the client and the contractor work together with the pre-construction project manager to define the scope, provide construction counselling, cost, and schedule of the entire project. It helps make future decision-making easier and establishes a firm communication protocol between all parties involved.

What does a pre-construction budget constitute?

A pre-construction budget includes all foreseeable potential costs for the project and also consists of a small portion of investment towards unforeseen issues that might come up during the entire construction project. An estimated pre-construction budget plan also helps a client in securing financial aid should they need the support.

Administrative Costs: This covers all fees incurred upon obtaining permits, hiring personnel, designing, and engineering.

Site Preparation: This includes demolition of existing structures, removal of debris, and cleaning of the construction site.

Material: This includes obtaining all materials and supplies required to complete the construction project.

Labor: This covers the wages paid to all manpower, including the project contractor and subcontractor.

Disaster Management: This helps you set aside a certain amount that will come to your rescue should any issue arise.

How can RIISE help me smash my pre-construction budget goals?

Riise has over 38 years of experience in the construction management industry and has over 10,000 delivered projects to show for it. With innovative solutions to problems and a client-first approach to their work ethic, Riise can help a client’s vision turn into a beautiful, sustainable, and successful reality.

  • Riise can help you analyze if your project is as viable as can be. We estimate project costs and test various methods to help get your project on track.

  • Riise keeps you as involved in your project as you’d like. You take the lead and delegate your needs, and we make it happen! You will be able to keep track of where your money is going, and how.

  • Riise can help you maximize your returns and aims to overdeliver on your expectations. We optimally utilize the tools we have been provided to give you the most fruitful result.

Riise is your ally at every step of your construction project. Our reliable and industry-leading professionals can help remove any and every variable, provide a clear picture of what we deliver, and present potential options for cost savings. Schedule a call with us today to know how we can make your construction project a smooth journey!

We make construction projects less tedious. Let’s discuss! Contact Us to know how we can help your organization.

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6 Tips to build the perfect construction budget

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The Pre-Construction Phase Plan – Key to Delivering a Good Project