Im trying to understand how people manage budgeting when working on renovations or new builds in the hospitality sector. What steps do you normally follow to keep everything accurate and avoid unexpected expenses?
Ive seen some professionals rely on hotel estimations to break down materials, labor, and design-related costs more precisely, but Im curious how effective these methods are in real situations. Do they actually help in keeping projects on track?
If anyone has experience with this, Id appreciate hearing your thoughts.