* A contingency line item is highly recommended on all projects (Maximum Contingency 10%) |
* Demolition + Cleanup should not exceed 10% of the total budget. Exceptions case by case. |
* No specific line item can be solely for “labor” or “management”, Include these funds in the existing items. |
* Do not include line items for Non-improvement costs such as “taxes”, “insurance”, or “builder’s risk” |
* Include the Quality, Quantity, and Location of the work, in each line item description |
* Line item funds will be allocated equally for multi-unit properties unless otherwise specified. |
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