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Q » What are the key elements of a comprehensive construction project budget?
17 Oct, 2025
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A » A comprehensive construction project budget includes direct costs (materials, labor, and equipment), indirect costs (permits, insurance, and site management), contingency reserves for unforeseen expenses, and profit margins. It should also account for design and engineering fees, subcontractor costs, and project management expenses. Monitoring and adjusting for market fluctuations and project scope changes are crucial to ensure financial control and project success.
17 Oct, 2025
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