A Project and Budget Review is deemed necessary when:

• A budget has been submitted by the Developer or General Contractor, requiring a meticulous analysis of each line item cost to validate the provided values.
• The original budget has undergone modifications, necessitating a detailed analysis of each line item cost to confirm the submitted values. This review involves comparing the new costs with the original budget.
• The project’s budget was not initially prepared by the Developer or General Contractor.

Although a document and cost review may not be mandatory, the client still desires some level of due diligence.

A Project and Budget Review entails an examination of:

• The original or modified budget prepared by the Developer or General Contractor.
• The original or modified budget prepared by an entity not affiliated with the Developer or General Contractor.
• Any approved or potential changes to the original budget resulting from scope changes, design modifications, value engineering, or force majeure.
• The construction schedule and its impact on the budget, if any.