How to improve the accuracy of LED project budget?

4 min readMar 7, 2024

The accuracy of the LED project budget is crucial to the smooth progress of the project. A budget that is too high will lead to a waste of resources and even breed corruption; while a budget that is too low will hinder construction progress and affect project quality and personnel salary payment. Therefore, improving the accuracy of LED project budget is an important issue in project management.

Here are some ways to improve the accuracy of your LED project budget:

1. Pay attention to construction drawing budget

The accuracy of construction drawing budget preparation is the basis for the accuracy of project budget. Therefore, when preparing construction drawing budget, you should pay attention to the following points:

Accurately calculate project quantities. Project quantities are the basis for budget preparation and should be calculated strictly in accordance with project quantity calculation rules to ensure the accuracy of project quantities. Here are some installation methods for installing LEDs.

Accurate pricing. When setting prices, you should master the instructions in the quota book, and compare the prices with similar project budgets and corresponding quotas to reduce missing items.

Write detailed preparation instructions. The preparation instructions should include the basis for budget preparation, problems encountered and solutions, main workload, etc., so as to improve and supplement the budget and ensure the accuracy of settlement work. Here are the commercial LED display price ranges.

2. Go deep into the construction site

Going deep into the construction site can help you understand the construction conditions, methods, machinery, etc., and collect information on design changes, visa projects, etc., which are important basis for preparing accurate budgets.

3. Good at organizing settlement information

Information related to settlement includes as-built drawings, contract contracts, drawing review records, construction organization design, design change notices, project negotiation records, etc. These materials should be collected and organized in a timely manner, and their contents should be familiarized to provide a basis for preparing settlements. What should you consider when customizing LED digital screens?

4. Good at organizing change projects

Change engineering is one of the important factors affecting budget accuracy. Therefore, the change engineering should be calculated promptly and accurately, and the change drawings and change notices should be cleaned up during the calculation process to ensure the accuracy of the change calculation.

5. Collect relevant information and accumulate data

Project cost information is the basis for pre-settlement work. Project cost information should be continuously collected, accumulated and updated, and data accumulation of project technical and economic analysis should be done to provide reference for the preparation of accurate budgets.

In addition, the accuracy of LED project budgets can also be improved through the following measures:

Use professional budgeting software for budgeting.

Hire a professional budgeter for budget preparation.

Strengthen review and supervision of budget preparation.

By taking the above measures, the accuracy of the LED project budget can be effectively improved and the smooth progress of the project can be guaranteed.

Thank you for watching. I hope we can solve your problems. Sostron is a professional LED display manufacturer. We provide all kinds of displays, display leasing and display solutions around the world. If you want to know: Guide to choosing an LED rental display suitable for the stage. Please click read.

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How to improve the accuracy of LED project budget?

Written by Chinaseoer