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The importance of accurate cost estimates for project success
Without a clear idea of how much money is needed to complete each stage of the project, it's impossible to plan resources properly and make informed decisions. If costs are underestimated, delays and possible non-compliance may occur, whereas if they are overestimated, resources may be over-allocated and the project may not be profitable. In short, cost estimation is essential to ensure the financial viability and overall success of a project.
The importance of construction warranties: quality assurance and financial protection
Without a clear idea of how much money is needed to complete each stage of the project, it's impossible to plan resources properly and make informed decisions. If costs are underestimated, delays and possible non-compliance may occur, whereas if they are overestimated, resources may be over-allocated and the project may not be profitable. In short, cost estimation is essential to ensure the financial viability and overall success of a project.
