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• The budget should reflect the program's quality <br /> BUDGET CHECKLIST.• objectives and it should also define exclusions <br /> that may be appropriate. A realistic budget <br /> ❑ Project identification and location. calculated in this manner should be one in which <br /> everyone has confidence and upon which a cost <br /> ❑ Date of preparation, control system can be firmly based. <br /> ❑ Documents on which the budget is How should a budget be presented.) <br /> based (building program, standards, <br /> site plan, drawings, eta). The budget (or a subsequent estimate) should be <br /> ❑ Method used for budget presented in a clear, concise manner. Rather than a dget preparation. descriptive letter or report, a separate document <br /> F-1 Budget summary, with any necessary form is preferable. <br /> back-up material, <br /> ❑ Specific list of inclusions and <br /> exclusions. <br /> ❑ Clear definition of dollar base <br /> (i.e. current value) and <br /> identification of provisions made <br /> for escalation. <br /> ❑ Design and construction contingen- <br /> cies included. <br /> ❑ Type of building contract assumed <br /> (eg general contract, <br /> des4*build, management contract, <br /> etc.). <br /> ❑ Preferred or assumed schedule <br /> (design, bid, construction start <br /> and completion dates). <br /> ❑ Quality levels assumed ae. by <br /> reference to another similar <br /> building). <br /> ❑ List of possible options or <br /> alternatives to the "base" <br /> conditions. <br /> ❑ Comments on any special conditions <br /> which may affect the project <br /> (remote location, availability of <br /> labor, soil conditions, eta). <br /> 6 <br />