Where’s the job?

Scope of Works

• Define the project requirements and establish a realistic budget

• Gather detailed cost quotes from vendors and subcontractors

• Review contractual terms and conditions meticulously

• Establish risk management strategies and appropriate contingencies

• Update cost estimates and contracts as project scopes evolve

Typical Fees

Project Duration and Review

Most projects require periodic financial reviews that align with key milestones. Adjustments to estimates may be needed when the project scope or requirements change.

Questions to Ask Your Project Manager

• How did you arrive at these cost estimates?

• What are the key factors that might cause deviations from the budget?

How to Avoid Surprises

• Ensure all change orders and cost adjustments are provided in writing

• Regularly review contract details and milestone reports