Budget overruns in construction often stem from inaccurate estimates due to outdated or overly optimistic assumptions about labor, materials, timelines and external factors like weather. Experts from Procore and Autodesk stress the importance of early risk assessments and thorough preconstruction planning to catch potential issues and build realistic contingency plans. Leveraging project management technology can help contractors identify problems sooner and make informed decisions to stay on track and avoid costly delays.
Five ways to prevent budget overruns in construction projects
