How Can You Estimate the Cost of Your Commercial Building Construction?

Companies must often engage in commercial construction to expand and grow their business. However, commercial construction projects come with a hefty price tag. For that reason, businesses need to generate accurate estimates of commercial construction costs before beginning any commercial construction project. The Unlimited Construction Solutions team has put together this guide to help explain how can you estimate the cost of your commercial building construction.

What Affects Commercial Building Construction Costs

When it comes to commercial construction, many variables impact construction costs. Before calculating a commercial construction project’s costs, companies must first learn the key factors that affect those costs and how each factor works. Three primary variables have the greatest impact on the cost of a commercial construction project.

Building Quality

Buildings can be classed as either A, B, or C, depending on the level of quality, detail, and additional features and requirements. Class A commercial buildings are of the highest quality and are often located in expensive areas. Most high-rise buildings are class A. Class B commercial facilities are of average quality and are typically less than four stories tall. Class C commercial buildings are of the lowest quality and are typically located in less expensive areas.

Architectural Design

The second major factor that determines the costs associated with a commercial construction project is the architectural design of the building. Materials are often priced by the square foot. For that reason, a design with a relatively small floor area and outside wall area typically results in lower material costs and lower construction costs overall.

However, it is important to consider the detail of the design and layout. Curved surfaces and a dense concentration of interior walls can result in a commercial building that demands more construction material, resulting in increased material costs and a more expensive construction project.

Labor Costs

The final major factor that determines the costs associated with a commercial construction project is labor costs. Labor costs vary based on factors such as location, weather, and other factors that impact the working conditions that contractors must face.

Building inside metropolitan areas is often more expensive than building in suburbs and contractors often charge a premium for working in hostile weather conditions. In such cases, these factors drive up commercial construction costs.

When considering the costs of your commercial construction project it is important to establish the building’s class, calculate its area, and multiply that by the cost per foot. Then, you can add in the cost of any additional components and add it all up to get a rough estimate of your expenses. If that sounds difficult, we can help. Get in touch with Unlimited Construction Solutions to receive a clear estimate of your commercial construction costs.