In this episode of Public Works Contracts in Ireland, we delve into Guidance Note GN1.3, centered on the development and management of project budgets under Ireland's Capital Works Management Framework (CWMF). This session highlights the budgeting phases, from preliminary cost estimates to final budget setting, and examines tools and techniques to control costs throughout a project’s life cycle. We explore critical aspects like risk allowances, cost planning, and regular financial reporting practices. Tune in for insights into how robust budget management practices ensure public works projects stay within financial constraints while meeting their objectives.