INSIGHTS, RESOURCES & EVENTS

Everything you need to prepare a Budget for your next office fitout project.

How Do I Create A Budget For My Next Office Project?

Calculating your budget for the fitout project is an important step in ensuring success along the way and keeps the project on track.

There a number of key areas we recommend you taking a look at to gain a better understanding of the different costs you may face so you can create a more realistic budget to track.

Some key areas of expenditure to include are covered below:

Advisory Fees

– Commercial property agent fees
– Legal advice
– Cost Consultants
– Environmental Audits

Capital Expenditure

– Fitout costs
– Furniture Costs
– IT
– AV and software installations
– Additional service installations

Soft Costs

– Insurance
– Training
– Project Contingency

Logistical Fees

– Mail and phone redirecting
– Furniture removal
– Storage & movement management
– Marketing to the public/clients

Building-related

– Rent
– Rates
– Services
– Security
– Maintenance
– Contracts
– Dilapidations
– Stamp Duty

We highly recommend being as realistic as possible here, don’t try to cut costs or anticipate lower costs than expected as this will result in an ineffective budget for the entire fitout team to work with and could result in major financial issues down the line.

In order to further assist in developing your budget, we highly recommend the Fitout Costings Calculator – an interactive document covering office fitout specific areas of expenditure and their costs gathered from industry data.

Download Here ⟶

 

Talk to our team today for assistance in creating your budget and planning your next workspace project:

+44 (0) 28 9442 5200 | hello@calibroworkspace.com

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    Call: +44(0) 28 9442 5200 or email: hello@calibroworkspace.com