Project Budget

Building Section Vignette and Multiple Choice

Project Budget

Postby tammy2329 » Wed Sep 20, 2017 4:36 am

what is included in an architect's project budget to the owner?

How is this different from the owner's project budget?

Also is FF and E included in owner project budget?
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Re: Project Budget

Postby Coach » Wed Sep 20, 2017 10:07 am

See AHPP.
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Re: Project Budget

Postby tammy2329 » Fri Sep 22, 2017 1:32 pm

Thanks Coach. I actually reviewed this reference and could
Not find what components are specifically a part of an architect's project budget.
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Re: Project Budget

Postby Coach » Fri Sep 22, 2017 1:53 pm

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Re: Project Budget

Postby ccolley12 » Thu Sep 28, 2017 12:44 pm

In a nutshell:

The Owner's budget needs to have all aspects of the project. A/E fees, land acquisition costs, financing costs, construction costs, a contingency fund or funds, sales tax (as that is typically excluded from construction contracts), moving expenses, permit fees, inspection costs... etc. etc. and certainly Fixtures, Furniture and Equipment (FF&E)

The Architect's budget is anything the owner is asking the architect to manage financially. This could be simply their fee and associated engineer's fees. It could also include cost estimates for the work itself.

The Contractor's budget is typically limited to what they are managing... the cost to actually build the building.
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