How to plan and manage construction estimates in Uvita?

Planning a budget for construction projects in Uvita requires not only defining the costs of materials and services, but also taking into account the type of financing. This aspect is crucial to determine who will oversee the funds and ensure that the project progresses within budget and on schedule.

Below is a guide that includes key considerations for managing construction budgets in Uvita.

Define funding and assign responsibilities

Before structuring a budget, it is essential to define how the project will be financed: will it be through a bank loan or with own resources? The difference in this aspect directly affects who is responsible for controlling the funds and how the use of the money is monitored.

1. Bank loan: In this case, the bank usually assigns an investment officer, who monitors the progress of the construction to ensure that the resources are used on time and for the established purpose.
   This fiscal may be an architect or engineer appointed by the bank, who acts as an auditor that reviews and validates each progress, ensuring that the budget is managed correctly.
2. Own resources: When financing is personal, it is essential to agree from the outset whether budget control will be handled directly by the client or whether a turnkey management model will be chosen.
   In this model, a company is in charge of the entire process, from the beginning to the delivery of the project, which makes it easier for financial decisions to be made centrally, without directly involving the client in each expense.

Establishing this type of financial control at the outset allows adjustments to be made prior to implementation and ensures that the project progresses smoothly financially.

Ongoing budget monitoring and adjustment