CATEGORY | October 9, 2019

When discussing a construction project, one of the first things everyone wonders is how much money the project will ultimately cost. Whether it be a residential home project, a large office building or a bridge, the dollar-value of a project is important for obvious reasons. When we hear about an office building costing $50,000,000 to construct, it’s easy to be in awe of that much money. Not all of this is profit of course. In fact, the total profit kept by the companies involved may be as little as 10-15% of that, and that’s if all goes well! So how do contacting companies calculate the cost of the project? In this article, we’ll be discussing how to estimate construction costs – step by step.