Budgeted costs relating to a specific
design (normally an industrial, commercial,
or investment structure), based on agreed
parameters, e.g., diagrams, specifications,
and plans, where specific units or parts
have been identified and separately costed
in relation to the overall project.
The design development stage involves
the process by which, upon approval of the
schematic design, the architect proceeds
with development of the plans and elevations
of the building. Drawings establish all
major elements and outline specifications. A
revised estimate of construction costs is
usually made at that time.
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