Google News
logo
Civil Engineering - Interview Questions
What does a construction cost covers and what does not?
A construction cost covers the expenses associated with the design, construction, and completion of a building project.

This typically includes the cost of labor, materials, equipment, and other direct costs such as permits and inspection fees.

The specific items that are included in the construction cost can vary depending on the project scope, the type of construction, and the location.
 
However, there are certain costs that are typically not included in a construction cost estimate. Some of these include :
 
Financing costs : Interest and other financing charges incurred during the construction period.
 
Contingencies : Funds set aside for unexpected expenses that may arise during construction.
 
Professional fees : Fees charged by architects, engineers, and other professionals for their services.
 
Marketing and sales costs : Expenses incurred to promote and sell the building after construction is completed.
 
Furnishings and equipment : The cost of furniture, appliances, and other items that are not considered part of the building structure.
 
Landscaping : The cost of landscaping and exterior improvements, such as sidewalks and retaining walls.
 
Taxes : Property taxes and other taxes that are not included in the construction budget.
Advertisement