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This Is Why Your Building Project in Uganda Will Go Over Budget

November 16, 2024
By Sterling Financial Planning
A calculator, blueprints, and a pen on a table, symbolizing budget planning

Creating a comprehensive budget is one of the most important steps in any construction project. A well-planned budget helps prevent delays and financial stress. Here’s a breakdown of what to consider.

Infographic: The Real Cost of Construction

Infographic showing a pie chart of total project costs, including hidden fees.

Your builder's quote is just one piece of the puzzle.

Key Budget Components

Land Acquisition: The cost of the plot of land itself, including legal fees and registration costs.

Professional Fees: This includes costs for architects, engineers, surveyors, and legal advisors.

Permits and Approvals: Fees for obtaining necessary building permits from local authorities like KCCA.

Material Costs: A detailed estimate of all hardware and materials required, from foundation to finishing. This is often the largest portion of the budget.

Labor Costs: The wages for all construction workers, from skilled artisans to general laborers.

Contingency Fund: Always set aside an extra 10-15% of your total estimated cost for unforeseen expenses. This is crucial for handling unexpected issues without derailing the project.

Our project estimators can help you create a detailed and realistic budget. Use our online Deposit Estimator for a preliminary idea of costs.

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