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020 BID Formal construction budget for this Project is: ...× 776,000Official Name of Company (legal)Telephone No. Address No. City, State and Zip Voicemail Addressable of the Company Project Manager:
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How to fill out total construction budget for

01
Start by gathering all the necessary information and documents related to the construction project, such as estimates, blueprints, and materials requirements.
02
Identify all the different cost categories that need to be included in the total construction budget, such as labor, materials, permits, equipment, and subcontractor fees.
03
Break down each cost category into specific line items, detailing the estimated or actual costs for each item. For example, under the labor category, you may have line items for different types of workers and their hourly rates.
04
Calculate the total cost for each line item by multiplying the quantity needed by the unit cost. This will give you the subtotal for each line item.
05
Add up all the subtotals to get the total cost for each cost category. This will give you the subtotal for each category.
06
Include any additional costs that may be necessary for the construction project, such as contingency funds for unexpected expenses or overhead costs.
07
Sum up all the subtotals and additional costs to get the final total construction budget for the project.
08
Double-check your calculations and review the budget to ensure it is accurate and comprehensive.
09
Present the total construction budget to the relevant stakeholders, such as project managers, investors, or clients, for approval and discussion.
10
Update the budget as needed throughout the construction project to reflect any changes or revisions.

Who needs total construction budget for?

01
Construction companies
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Project managers
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Architects
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Engineers
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Real estate developers
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Investors
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Government agencies
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Client representatives

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The total construction budget is intended for estimating the overall cost of a construction project.
Contractors, developers, or project managers are usually required to file the total construction budget for a construction project.
The total construction budget can be filled out by detailing all expenses related to the construction project, including materials, labor, permits, and equipment costs.
The total construction budget is used to track and manage the financial aspects of a construction project and ensure that costs are within the allocated budget.
Information such as estimated costs, breakdown of expenses, timeline for each phase, and any potential cost overruns must be reported on the total construction budget.
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