Budget Review is a meeting between you, the client, and us, the contractor. This meeting is a crucial step in the Fully Integrated Approach to Building, because Forbes & Sons wants its clients to understand in detail the expenditures budgeted for each stage of construction. This phase protects clients against surprise costs that can plague building projects with less meticulous contractors. It gives clients an opportunity to adjust line items as needed. We specify the costs of subcontract labor, materials, administration, and operations. We also estimate a monthly management fee, which goes toward supervision of the project during construction. Mr. Forbes ensures that labor resources are not overbooked and that materials and equipment are available on time.

This phase concludes major negotiations for price and timeline, the final preparations before signing the contract.