Preliminary Budgets Sterling Project Management works with
the client to prepare a project scope that clearly
defines the overall goal of what the projects needs to
achieve. This ensures everyone has a clear and
consistent understanding of the project.
Against the scope of works a preliminary budget is prepared in order to better understand the financial implications of the project and can be used for presentation to fellow investors or financial institutions. This will outline estimated costs for professional services of additional recommended consultants and an indicative construction cost. From this a predicted cash flow can be presented spread across the estimated project timeline. Once the preliminary budget has been calculated Sterling Project Management will assist with a value engineering exercise to ensure the client is achieving the greatest cost efficiency. Once the overall project budget has been agreed this will be used as a measure during the detail design development to ensure compliance to cost expectations. |
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