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Podcast: The Real Estate Espresso Podcast
Episode: How To Track A Construction Budget
Description: On today’s show we are talking about the process of budget tracking for construction. The problem with most budgeting tools is that they track two numbers, plan and actual. But the needs of the project extend far beyond these two numbers.Â
Let’s talk about the various views that are necessary to properly track a construction budget.
Plan of record. We sometimes call this the anchor budget. This number is set at the start of the project and never changes. It’s the reference point. It is the budget that is approved by the l...