Final answer:
The architect should reduce the scope of the work and the owner should increase the budget when the estimated cost exceeds the owner's budget during a construction project.
Step-by-step explanation:
If at any time the architect's estimate of the cost of work exceeds the owner's budget, the architect shall reduce the scope of the work, and the owner shall increase the budget. This principle is based on the practical and financial considerations during the construction process.
When costs exceed the budget, it necessitates a reevaluation of the project scope and financial constraints to re-align them with the available resources. The objective is to make sure that the project does not falter due to financial overruns and that both the owner and architect can agree on a path forward that satisfies the needs and capabilities of both parties.