One of the greatest challenges for a construction company is to successfully deliver on all aspects of a project both according to the client's specifications and within the allotted budget. The accuracy of your cost estimation process can make or break project success. Understanding your construction costs and successfully setting up good cost strategies will help you gain control of this key area and ensure future project profitability! When it comes to controlling costs, it is a critical first step to make appropriate estimations at the outset of a project. Being able to control costs is largely a matter of adhering to established guidelines, oftentimes by learning from previous projects and reacting to current circumstances efficiently and effectively.