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?

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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