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Generally, for a new build, architect-designed home in London or the South East, a minimum construction cost might be in the region of £2,000 per square metre (approximately £185 per square foot), plus land acquisition and professional fees.

Material costs are calculated by summing all raw project materials, such as lumber, steel and concrete, plus material-related costs, such as their delivery to a job site. Labor costs are calculated by multiplying each worker's day or hourly rate by how long the job takes.

The formula to calculate the construction cost per square feet of a residential building is- Area of Plot x Construction Rate per sq ft.

However, as a thumb rule, usually the cost of construction for a 10 by 10 room ranges between Rs. 1500 to 2500 per square foot. So the total construction cost can come somewhere between Rs. 1.5 lakhs to Rs.

Cost of construction = area of plot x construction rate per sq ft. To arrive at the construction rate per square foot, you must include the following: Construction material: Cement, steel, sand, gravel, finishing, color, tiles, bricks, fittings, windows, doors, plumbing, sanitary, and electrical.

How to estimate project costs in 8 steps Rework their idea. Consider conducting a project discovery. Break down the project into phases and tasks. Calculate the cost for each task. Identify if you have enough resources to complete the project. Calculate the total cost of the project. Add a project buffer to protect profits.

Building Material Material Required for House ConstructionQuantity Required for 1 Sqft HouseQuantity Required for 1000 Sqft HouseSand1.8 Cft1800 CftAggregate1.35 Cft1350 CftSteel4.0 Kg4000 KgPaint0.18 Ltr180 Ltr3 more rows