Budgeting is helpful. Estimating, not so much.

The article discusses the importance of budgeting in construction projects and emphasizes the need to use clear and concise language when discussing costs with clients. The author argues that using terms like "estimate" can create distrust and a lack of control for the client, while "budget" allows for more informed decision-making. The author also introduces the concept of the "cone of uncertainty," which represents the range of costs for a project based on available information. The article outlines the different phases of budgeting, from establishing a suggested construction budget to narrowing down costs through design and material decisions. The author concludes that building budgets and delivering them thoughtfully can facilitate collaboration and decision-making throughout the project. [Extracted from the article]