A rough early cost estimate used to decide whether a project is financially feasible.
A budget estimate is an early-stage cost projection prepared with limited design information to establish a project's financial feasibility. It typically carries an accuracy range of plus or minus 20–30% and uses historical cost data, square footage pricing, or assemblies-based pricing. Budget estimates help owners make go/no-go decisions before investing in full design.
Get AI-powered bid alerts, automated form filling, and proposal drafting.
Start Free Trial