(1) Budget costs would rise further, not fall.

(2) Within accounting departments, they may work in financial analysis, planning and budgeting, cost accounting, and other areas.

(3) He also works with the quantity surveyor to prepare budget costs.

(4) Budgeted cost after contracting but prior to construction.

(5) Budgeted Cost of Work Scheduled (BCWS). This term has been replaced with the term planned value.

(6) As the work progresses, the budgeted cost must be revised periodically to reflect the estimated cost to completion.

(7) The budgeted cost should also be updated periodically to reflect the estimated cost to completion as well as to insure adequate cash flows for the completion of the project.

(8) The budgeted cost is derived from the detailed cost estimate prepared at the start of the project.

(9) One study of 68 cities found their true costs to be 30 percent higher than their budgeted costs.

(10) The actual expenditure never exceeds 30 per cent of the budgeted cost.

(11) Finally, the main factor of cost prediction is determined by analyzing the composition of budgeted cost of highway maintenance.