An accurate budget for healthcare facilities construction helps prevent cost overruns

Accurate estimating must include an accounting of the realities of the environment


The accurate estimating of healthcare facilities construction must include an accounting of the realities of the environment where the project is constructed, according to an article on the FacilityCare website.

Facilities budget estimators must account for site-specific issues such as ongoing healthcare operations, aging buildings, environmental issues, matching existing construction, noise limitations, the weather, access and egress to the site, time constraints, unrealistic customer demands, sterile environments, the availability of labor and phased construction. 

To ignore the context is face project cost overruns. It is inevitable: actual costs will overrun budgeted costs if the baseline budget is incorrect to begin with, the article said.

It is better to accept the true reality cost of a project with the shock of a higher than “expected” estimate than to deal with it later in cost overruns.

Read the article.

 

 



June 3, 2015


Topic Area: Project Management


Recent Posts

The High Cost of Healthcare Violence

As workplace violence increases, healthcare facilities face mounting financial and operational disruptions- prompting legislative action.


EVS Teams Can Improve Patient Experience in Emergency Departments

A report confirmed that cleanliness of the ED was the third most impactful element on patient experience surveys.


East Tennessee Children's Hospital to Become Dolly Parton Children's Hospital

It marks a collaboration designed to elevate children's healthcare across East Tennessee.


The Future of the Global Hospital Hygiene Market

A market study details the current state of the global hygiene market and the factors that are expected to make a big difference in the next decade.


Rethinking Fire Safety Inspections

Digital tools bridge the gap between growing facility complexity and workforce limitations, allowing teams to maintain the highest safety standards.


 
 


FREE Newsletter Signup Form

News & Updates | Webcast Alerts
Building Technologies | & More!

 
 
 


All fields are required. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

 
 
 
 

Healthcare Facilities Today membership includes free email newsletters from our facility-industry brands.

Facebook   Twitter   LinkedIn   Posts

Copyright © 2023 TradePress. All rights reserved.