When we look at the proposed project of $4 million, given today’s economic climate of inflation and supply chain issues it is a hard mountain to climb to achieve budget accuracy.
Supply chain issues in construction by themselves are enough to cause delays and budget overruns. Each day there are new material shortages, new natural disasters that cause disruptions, new wars which shift manufacturers’ focus, and new economic drivers that impact supply/demand charts.
We have to plan with the best information available to us today. We must pray for God to give us wisdom in our planning. We also must be diligent to not try and be our own god when it comes to planning and budgeting.
We cannot out plan God, we cannot out budget God. At some point we all must do our best with what we are given, information and resources, and make a plan. We then must turn that plan over to God and trust in His sovereignty, while being diligent to be nimble and creative as that plan unfolds.
The key takeaway is we build a budget with today’s information, add in buffers based off assumptions of inflation and typical overrides from our industry experts and we pray hard for God to bless the plan and ask for His will to be done.