We've got your questions covered. If you can't find the answer below, then feel free to contact us via the chat.
The four core components of a construction budget are: Labour (wages, benefits, subcontractor costs), Materials (building supplies and consumables), Equipment (hire or purchase of plant and machinery), and Contingencies (a reserve for unexpected costs, typically 5-10% of total budget).
Contractors need a budget to confirm the project’s financial feasibility before committing resources. It allows them to plan resource allocation, schedule procurement, and set realistic expectations with the client about scope, quality, and timeline within the available funds.
Planyard centralises all financial data in one platform — you import your budget structure, then every purchase order, subcontract, and invoice automatically updates the forecast. This eliminates manual spreadsheet updates and gives you a live view of budget vs committed vs actual costs at any time.
Conduct thorough site surveys before starting, include a contingency reserve (5-10%), use detailed contracts to clarify responsibilities, track committed costs in real time so overruns are visible before invoices arrive, and review cost data from previous projects to improve estimate accuracy.
No credit card required. No sales or IT support needed.
