What do you mean by Construction cost ?
It is the amount of money a builder or contractor will charge you for one square foot of building in your location.
Depending on the supply of local building supplies, construction costs per square foot vary from area to region. Because the cost of the construction area is cheaper if you are building a house in an urban region where building supplies are inexpensively and easily accessible.
On the other hand, the rate of construction will increase if you are building any structure in a rural area where there is a shortage of building supplies and a requirement for transportation.
How to calculate construction cost per sq. feet ?
Cost of construction = plot area x rate of construction per square foot
You must include the following into the construction rate per square foot:
- Materials used in construction include cement, steel, sand, gravel, finishing, colour, tiles, bricks, fittings, windows, and electrical as well as sanitary and plumbing systems.
- labour expense
- Architect/engineer fees
- contractor revenue
You can find numerous internet calculators that will assist you in calculating the precise construct cost per square foot estimates.