Establishing and maintaining a budget is critical to meeting a project’s financial goals. Many items in preliminary budgets start as allowances. Ideally, the best time to engage us is on the front end; at the beginning of the design to work with your architect and designer.
However, if you come to us with a completed design, it is simple for us to follow their lead and price what is in the plan. If there is missing detail or elements that need development, we can help with this too.
To ensure informed decisions can be made, in all phases of design development, it is important to offer meaningful feedback. If information is provided on a timely basis and a team established early, Blake Farrow Project Management can provide meaningful feedback prior to detailed design development.
If the design process is clearly defined, hard specifications and detailed pricing replace allowances. Thus, predictability on cost is realized.
During this process we provide options, rework the specifications (as needed), and keep the budget up-to-date (by confirming pricing with subcontractors and vendors). Whether the value increases, decreases, or remains the same, our up-to-date budgeting enables clients to see how decisions and selections impact their bottom line. Revised budgets are produced with every draw request, which are done monthly or bi-weekly as required. This process puts the client in control of the project direction.