Estimating Building Construction Costs – Elements and Tools

The practice of estimating building construction costs is as important a step as the construction itself. In building a home, a facility or any other structure, it is important to approximate the amount that will be used on the project or come up with an estimate as close as possible to the actual costs.

Learn more about using Construction Cost Data to make accurate project estimates and software that can assist you at

Most construction project failures, be it domestic or commercial, are caused by lack of balance in the anticipated cost of the project and the actual expenses.

A building cost estimate should take into consideration a lot of factors. First is the time-frame of the project and the type and size of the building or structure that will be built.

Steel Building Construction Costs Much Less Than Other Building Options

In commercial applications, pre-engineered metal and steel buildings provide cost savings across the board. By implementing these structures in new construction and retrofit projects, developers and property owners are realizing cost reductions from the planning and permit phase through construction and completion. Project managers have found that construction schedules can be noticeably compressed, which translates to reductions in contractor’s overhead, as well as any down time that might affect the tenant of a new or retrofit building.

Typical pre-construction costs that are associated with conventional buildings can be substantial in terms of the project management needed to compile bids and submit items for pricing. Wood famed construction systems demand extensive hours for these activities, and even though concrete block structures reduce the typical pre-construction time somewhat, the pricing of materials and coordination of continuous inspections require project management that is all but eliminated with steel building construction.

In addition, the numerous trades that are involved with conventional wood and concrete block construction require project management in order to finalize contracts for each of the sub contractors. Many of these project management costs are all but eliminated with steel buildings, since the fabrication combines the services of framing, roofing, and window and door installations within the scope of work. By reducing project management, the initial on-site activities can begin once the contracts are complete and the construction plans have been approved.

With any commercial project, generating the construction plans begins with a design that is tailored to suit the intended use of the building. Even the most straightforward structures, such as a service building or storage facility require approved plans with structural and mechanical engineering in order to obtain permits. With conventional systems, the architectural fees and mechanical engineering costs can be extremely costly.

However, fabricators of steel buildings offer a number of pre-approved designs that require no architectural involvement or building department plan check. Plans, plan check and permits for pre-engineered building projects are most often limited to the concrete foundation and the mechanical trades. Initial on-site activities, such as footing excavations and the installation of underground utilities are consistent with the construction of all new commercial buildings, and this remains the case with steel buildings as well. The cost savings in this phase are often realized in the omission of structural pads and extensive footings that are required to support wood framed and concrete block load-bearing walls.

Designs for pre-engineered metal building employ steel I-beams as clear span headers and interior vertical support columns. This system eliminates the need for wood or poured in place concrete support systems that are substantially heavier and more time consuming with regard to installation. In addition, steel web trusses are used as the roof support system, which is far more efficient than wood trusses or a panelized roof in terms of the installation time.

Further, the lighter load ratios of sheet metal siding and metal roofing will reduce the size of the required concrete footing. This translates to a marked reduction in costs that are associated with the concrete footing materials, man-hours, footing excavation and hauling of footing spoils. By eliminating the need for conventional structural systems and those related activities, the construction completion schedule requires less time, and this in turn, reduces the general contractor’s overhead costs.

Building Construction Tenders Offers Great Opportunities

Home is the place where it feels just right to walk around without shoes. It is the place with which we associate feelings of safety, security, comfort and a sense of belonging, among many other things. So we try to put all our resources towards building a house that fulfills all our requirements, in fact this is one way of realizing our dreams. Building constructions is one industry which is thriving these days; you will find that lots of buildings are being constructed and invariably you will find that most people are trying to build their dream house. With the revolution that is happening in the field of science and technology, things have changed for the better for all of us. The building construction industry earlier, had limited scope of operating, but now with easy access to money, things have changed for the better. So, today you will come across many people looking for a professional, who works in the building constructions industry, to build their dream house.

When we were kids, all of us had a dream of building our dream house; we had in our mind all that we want in our dream house. The art classes that we used to attend when we were kids, was one a place where we used to give a shape, size and color to all our dreams about the perfect house, where we would like to dwell in, sometime in life when we have the capacity. So when we finally have all the resources in place to construct our dream house, we need the services of an efficient building construction professional for this. All of us know that it is important to find out the capability of any professional before you hire their services for your work. So there is no exception to this in the case of building construction professionals.

Building constructions may seem to be a very expensive domain for the ordinary people, but it is not so. Today we have several financing facilities available in the form of loans. This makes the whole process of constructing a house with the help of building constructing officials, pretty easy. Home loans and house construction loans are available with many loan providing agencies and getting the loan is quite easy. In today’s context, building a house is relatively easy, you just need to make sure that you are dealing with efficient building constructions officials, if you want to build your dream house just the way you have always wanted.