Project budget

The planned funding allocation for a defined development or project, including the cost categories selected by the owner or financing parties.

Why it matters

Separate construction costs from land, professional fees, financing, reserves, and other owner costs. A contractor’s price alone may not represent the total funding need.

In practice

A project example

The construction contract is within budget, but extended interest and permit costs increase total development exposure.

General educational guidance from KOW Building Consultants. Examples are illustrative, not project records. The applicable contract, standard, program, and jurisdiction control the requirements for a specific assignment.