Project budgeting is provided after the tender has been awarded. The successful tender estimate is converted into a working project-control budget that reflects how the job will be procured, delivered and monitored.
Why the Tender Estimate Must Be Converted
- The tender estimate is structured to price and win the work.
- The project budget must reflect actual work packages, cost codes and procurement decisions.
- Negotiated changes and accepted qualifications must be incorporated.
- Labour, plant, materials and subbie budgets must align with the delivery programme.
- The delivery team needs a baseline for commitments, actual costs and forecast margin.
Budgeting Services
- Tender-to-budget reconciliation
- Awarded-scope review
- Negotiated-price adjustments
- Cost-code development
- Work-package budgets
- Labour and plant budgets
- Material and supplier budgets
- Subbie budgets
- Preliminaries and site-overhead budgets
- Risk and contingency allowances
- Cash-flow forecast
- Target margin and budget baseline