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How long does it take you to complete a Property Budget?

I am interested in learning who is involved in your budget process, how you reach approvals, any methods used in forecasting, and how long this takes your team.

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Posted by Patrick Antrim about August 1, 2011 - in Financial - Status: open - report

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    In my experience this varies depending on the organization. Without layers of authority this could be a 30 day process but on the norm with the average amount of red tape I would think it's a 60 to 90 day process. There is often the bidding stage to ensure that you are getting the best service and rates for the upcoming year. There is normally the on-site and regional level preparation that takes 30 days and then you may enter a 30 day period of approval or redrafting by the corporate level before final approval.

    Posted by Chris Mott about August 2, 2011 - report

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