Why is it critical for both contractors and clients to have accurate cost estimates before beginning a construction project?o Discuss the potential consequences of underestimating or overestimating project costs. How can these inaccuracies impact the project’s success?

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The book used for the class is Estimating Building Costs for the Residential and Light Commercial Construction Professional 3rd Edition – John Wiley & SonsOnce you have completed the reading assignments as required in Unit 1, write a main post consisting of 250-300 words in length, written using complete sentences with correct grammar and spelling, that share your views on the following:1.

The Importance of Accurate Cost Estimateso

Why is it critical for both contractors and clients to have accurate cost estimates before beginning a construction project?o Discuss the potential consequences of underestimating or overestimating project costs. How can these inaccuracies impact the project’s success?

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