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How you estimate and conduct your project management can affect the accuracy of the budget for construction costs and that budget can reveal as early as possible if the job will deliver a satisfactory result for the homeowner and turn a profit for you, the builder.
Soft costs typically are important to include in project budgets because they can make up 25 – 50% of the total project budget. Quantifying them early in the project is also important so you can calculate your final project delivery return on investment.

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Builder uses his laptop and Buildxact to perform a project estimate.

3 construction project management tips that will improve efficiency

For most small builders, remodelers, and contractors, the owner does all the duties of a project manager and a whole lot more. There are ways to automate many of the functions of a typical construction project manager, achieves. Project management software allows you to save time and become more productive to handle more construction projects and have time for yourself.

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A cover image for our eBook about the soft costs in construction

What are soft costs in construction? eBook

When estimating the costs of a construction project, it’s important to include all of the costs in order to stay profitable. These are typically split into hard and softs costs. Check out our guide where we explore the difference between these two types of costs, give some examples of soft costs, and explain why soft costs need to be included in project budgets.

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