Cost Planning

Cost Planning is a statement of how the design team proposes to distribute the available money among the elements of the building. The cost planning can be adjusted to design requirement. In practical sense, the CP starts with the development of a figure (or cost) to allow client to decide whether the project is feasible. …

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Cost planning is the technique by which budget is allocated to the various elements of an intended building project to provide the design team with a balanced cost frame work within which to produce a successful design  which