Keeping Construction Costs Visible and Controlled
Budget management during construction involves monitoring committed costs, progress claims, and approved changes against the original budget. This process helps maintain cost visibility as work progresses and ensures financial decisions are based on current information. Ongoing budget management supports accurate forecasting, change control, and alignment between scope, schedule, and cost.
If you need clearer cost tracking during construction, we provide budget management support focused on commitments, change monitoring, and cost reporting.
OUR SERVICES
We provide Pre- construction, Project management, and investment services that support every stage of development.
Planning & Scheduling
Project timelines are mapped out in advance to reflect real sequencing, inspections, and material lead times.
Budgeting
Early cost planning is completed to confirm scope alignment and avoid surprises once construction begins.
Tendering
Clear tender packages are prepared and issued so trade pricing is comparable, complete, and aligned before contracts are awarded.
Permit Application
Permit requirements are coordinated early so approvals do not delay construction start dates.
Project Management
Day-to-day construction activities are coordinated to keep scope, schedule, and communication aligned on site.
Budget Management
Construction costs are tracked against approved budgets to maintain visibility as work progresses.
Architectural Coordination
Architectural information is reviewed and coordinated so drawings reflect site conditions and construction sequence.
Engineering Coordination
Engineering disciplines are aligned to reduce conflicts and support efficient installation during construction.
Trade Coordination & Contracting
Trades are scheduled, scoped, and coordinated to support smooth handoffs and steady site progress.
Engineering Design & Site Review
Engineering decisions are reviewed alongside site conditions to confirm constructability and compliance.
Architectural Design & Drawings
Drawings are prepared and reviewed to provide clear, build-ready documentation for permitting and construction.
Interior Design & FF&E
Interior layouts and selections are reviewed to support function, durability, and coordination with construction.
Restaurants
Restaurant projects are planned and delivered with attention to approvals, kitchen requirements, and opening readiness.
Retail
Retail developments are structured to support tenant turnover, visibility, and efficient build-outs.
House Builds
Residential builds are guided from planning through completion with a focus on approvals, sequencing, and quality.
Rentals
Rental projects are delivered with repeatable layouts and controlled timelines to support long-term use.
Multifamily
Multifamily developments are coordinated to manage scale, consistency, and phased delivery across units.
OUR PROJECTS
Why Choose Novesta
We deliver lasting spaces through organized planning, skilled execution, and attention to every construction detail.
Pre-Construction
We plan every detail so your project is ready to start without delays or surprises.
Construction Management
We handle coordination and scheduling to keep every phase organized and on time.
Project Estimating
We offer clear cost assessments to support practical and informed planning.
Development Support
We take care of permits and preparation so your project moves forward without setbacks.
OUR Team
A group of builders, managers, and estimators focused on practical results.
Basic information
We’re available to discuss your next project or answer any questions about our services. Reach out by phone, email, or visit our Edmonton office for direct assistance.
- (780)-244-1144
- info@novesta.ca
- #406, 10216 124 St. NW Edmonton, AB T5N 4A3
Budgeting establishes the initial cost plan based on scope, drawings, and assumptions. Budget management begins once construction starts and focuses on tracking committed costs, progress claims, approved changes, and forecasts to ensure spending remains aligned with the original budget.
Construction costs change as work progresses, scopes are finalized, and conditions are encountered on site. Ongoing budget management provides visibility into cost movement so decisions are based on current information rather than assumptions.
Financial updates are typically provided on a regular reporting cycle aligned with progress billing. Reports reflect committed costs, actual spend to date, approved changes, and projected final cost so clients can clearly see where the budget stands.
When cost pressure is identified, the issue is reviewed to understand the cause and potential impact. Options may include scope adjustments, sequencing changes, or revised approvals, allowing informed decisions before overruns escalate.
Yes. While the level of detail may vary by project size, the same cost control principles apply. Budget management is scaled to match project complexity while maintaining clear tracking and reporting throughout construction.
FAQs – Budget Management
Common questions clients ask about managing project budgets.