A capital budget outlines costs for acquiring or upgrading assets in construction, managing long-term investments for growth and ROI.
Project contingency is a strategic financial reserve in budgets that covers unexpected costs and risks during execution. This management tool protects construction projects by handling unforeseen changes and maintaining progress.
A Schedule of Values (SoV) is a contract-specific, itemized table outlining all construction project components and associated costs, serving as a financial roadmap for payments by linking tasks to monetary values.
