The construction number is the largest line in a project budget, which is exactly why it gets mistaken for the whole thing. Here is what a complete total project budget contains, from professional services and utility fees to furnishings, financing, escalation, and contingency.
A shelved set of construction documents is not one asset. Some of it holds its value for years while the rest quietly goes stale, and the difference decides whether restarting a stalled building project costs a fraction of a design fee or all of it again.
There is a particular silence that falls when the construction bids land well above budget. How a firm responds in that moment reveals what kind of partner you actually hired. Here is how we treat an over-budget bid as a design problem, not just an accounting one.
