Stage 2 cost plan
BG 78/2021, Project Information Process, written by Nick Blake and John Sands, and published by BSRIA in January 2021, states in relation to a stage 2 cost plan: ‘A cost plan captures the costs of a project and is the outcome from a management process which seeks to determine and control the cost of a project. It does this by helping the client decide how it wants to allocate the budget to the various parts of the project. It is used as a way of controlling the estimated costs during the design and construction phases of a project, and so cost plans are living documents which must be managed throughout the life of the project. The Stage 2 cost plan reflects the design prepared at this stage.’
--BSRIA
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