Preliminary Budgets

BSM Project Management works with the client to prepare a project scope that clearly defines the overall goal of what the project needs to achieve. This ensures everyone has a clear and consistent understanding of the project.

Utilizing the defined scope of work, 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 preliminary budget will outline the estimated costs for professional services, any additional consultants that may be recommended, and an indicative construction cost. From this, a predicted cash flow can be derived and spread across the estimated project time-line.

Once the preliminary budget has been calculated, BSM 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 upon the defined budget can then be used for the detail design development to ensure compliance of cost expectations.