The sum established by the owner as available for construction of the project, including contingencies for bidding to contractors and for changes during construction.

The sum established by the owner as available for construction of the project; the highest acceptable bid.

The sum established, normally during the planning or design phase, as available for construction of the project.

The total sum of money allocated for a particular purpose. In construction, the money that is set aside for building a structure.

Money that the builder sets aside for building a structure.