Conceptual Budget


CONCEPTUAL BUDGET FORMATION

How much? The burning question on everyone’s mind. Without a doubt, the most important question for an owner and a project team.

This is the first and most important question clients ask before investing the time and money to develop a concept into a realized project. Answering it correctly forms the foundation and health of a project. Make incorrect assumptions and lack the proper due diligence at the concept phase, and you will assuredly lead to cost overruns and time delays later down the road. A project makes or breaks it here.

DP3’s uses a proactive project due diligence in pre-construction planning to provide you with conceptual project budgets that address the economic feasibility of your project from the outset.

A project idea is still just that, an idea without drawings or plans. DP3 has the experience to provide you with the necessary conceptual project budgets to help get your project off the ground. Our Rough Order of Magnitude budgets are polished enough to set accurate cost expectations from the beginning of the project, which will help avoid cost disputes in the end. Oftentimes, our initial OOM estimates are within +/- 3% of an actual final project budget. This is a significant deliverable.

DP3 develops the conceptual project budget and our services include:
• Pre-Construction planning and coordination
• Construction cost estimating
• Risk identification
• Early conceptual budget as accurate as +/-5% of final estimate
• Early quantity take-offs
• Early bid estimation
• Early contract pricing.
• Early trade and material scoping



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DP3 Project Management offers services from our team’s multi-disciplinary real estate development background (brokerage, entitlements, project management, and construction management) under a single platform.

We furnish clients with the horsepower and expertise they need to execute their complex real estate objectives from start to finish.

For this reason, the most sophisticated Hospitality, Resort, Real Estate and Healthcare brands turn to us to provide seamless delivery and flawless project execution.

Similarly, Retail brands with big expansion plans and dreams rely on us to open difficult markets, achieve scale, and deliver their projects in an integrated fashion. Same holds true for Municipal Agencies and Private Developers looking to erect stadiums, convention centers or public venues.

If you are facing complex real estate issues or need a partner in execution, we invite you to reach out and start a conversation about your project objectives and needs. We have the development and construction team to handle any real estate challenge.

We provide a full range of Owner's Representative services on a complete turnkey or al-la-carte basis. We also have nation-wide resources and relationships that can arrange capital for complete build-to-suit real estate solutions. We welcome your inquiry.