Budget and estimates


 

Budgetary estimates are key in laying the groundwork for a reliable economic forecast of a construction project. Their accuracy and regularity are a guarantee of economic success, an essential aid for the lending institution.

 

In order to determine the budgetary envelop of a project and depending of the nature of the mandate, GLT+ can proceed with a detailed estimate or an estimate by comparable of the direct and indirect construction costs.

 

During construction, this expertise can help validate budgetary provisions with the contractor’s proposals, support the value engineering process along with the professionals and the client as well as estimate extras before their implementation.

 

The estimate by comparable is established using real figures compiled in GLT’s database which includes similar projects that were recently realised and located in a nearby geographical sector.