Manage Commercial Construction Budgets

Many commercial renovation budgets are unsuccessful, not because of inaccurate figures, but because of inadequate structure – some items were overlooked, certain expectations were unquestioned, and insufficient contingency was included to account for unknowns. To manage costs, the budget framework should be carefully defined before any square-foot pricing is considered. Hard costs and soft costs aren’t the same problem The first component that should exist in any formal budget is a complete separation of hard costs versus soft costs. Hard costs are the physical project costs: the cost of the building itself, site work, landscaping, and the construction of any … Read more