Difference between estimated cost and actual cost
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This post was last edited by qwl on 2018-2-7 08:31. What is the difference between the estimated costs in design institutes and the actual expenses?
If it refers to the project costs, the design institute will provide an estimate of the costs; a precise budget won’t be available. As for the difference between these estimates and the actual costs, it probably depends on the owner’s actual level of control over the project, and this difference can vary greatly.
Thank you for pointing out the issue. The design institute provides an estimate.