Job Description and salary details for Budgeting, Costing and MIS Job Profile
Budgeting, Costing and MIS Job Description and Salary Details
The construction budget is the amount of money allotted for a specific building or remodeling project. Construction budgets are used to anticipate all the costs and expenses of the building process. A budget is usually tracked through a form or spreadsheet.
A budget is a statement of the amount of money that is available to spend over a period of time, or on a specific thing, such as a building. It may include an outline plan for how that money will be spent, and a breakdown of the items it will be spent on.
A project budget can be established by:
- Assessment of projected income and expenses through the life of the project.
- Comparison with similar projects.
- Assessment of the funds available.
- Pre-design analysis of requirements.
- Analysis of preliminary design
The budget is set by the client and is distinct from cost plans prepared by a cost consultant which are likely to focus on the construction cost.
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