What is Project Budget?

A project budget in construction refers to the estimated financial plan for a construction project. It outlines the costs and expenses associated with the project, including materials, labor, equipment, permits, and any other necessary resources. The budget serves as a roadmap for the project, guiding decision-making and ensuring that the project stays on track financially.Creating a project budget in construction involves thorough planning and analysis of all potential costs and expenses. It requires estimating the quantity and cost of materials, determining labor costs, and factoring in any unexpected expenses that may arise during the project. The budget must be realistic and accurate to ensure that the project is completed within the allocated funds. Monitoring and controlling the budget throughout the project is crucial to prevent cost overruns and delays. By closely