Managing Budget & Timeline in Luxury Residential Projects

Luxury residential projects demand precision in budget management and timeline control. Clients expect transparency, predictability, and quality.

Phase 1: Concept Design and Budget Alignment

Budget management begins at concept design. A preliminary budget is developed based on project scope, material quality, and finish expectations.

Phase 2: Design Development and Value Engineering

During design development, detailed specifications are costed in real-time. If costs exceed budget, value engineering is conducted through material substitution or detail simplification.

Phase 3: Construction and Real-Time Cost Tracking

Once construction begins, weekly cost reports compare actual costs against budget. Change orders are documented and approved before execution.