budgeting

Resources tagged as "budgeting"
FHB - Budgeting is helpful. Estimating is not.
March 24, 2025
Fine Homebuilding - Issue 323 - June 2024
Author: Ian Schwandt

In my role as production manager at TDS Custom Construction I am responsible for producing several different budgets for each project as it moves through our process, beginning with an initial suggested construction budget and ending with a fixed-price contract. From a client’s first interaction with us through the entire process of schematic design and design development, my budgeting work allows the client to become an informed part of the project team. You may have noticed that nowhere in that brief overview of our process did I refer to my work as β€œestimating” or to my deliverable to the client as an β€œestimate.” This is by design.