Refers to the total amount required to construct a project. This value usually does not include the pre-contract costs (e.g. design, bid preparation and site investigation)
Cost index (or factor)
A value used to adjust the cost from one time to another.
There are various published cost indexes, listed by year, quarter, or month.
RSMeans publishes a historical cost index
Direct costs are directly attributable to the cost. In construction, the costs of materials, labor, equipment, etc., and all directly involved efforts or expenses for the cost object are direct costs.
are costs that are not directly accountable to a cost object (such as a particular project, facility, function or product).
is the difference between the cost of a good or service and its selling price. A markup is added on to the total cost incurred by the producer of a good or service in order to create a profit.
We recommend the following:
House Building Cost Calculator
A Free Online web application that provides instant estimate with reasonable accuracy of the cost to build a house anywhere in the USA
An article about estimating techniques, qualifications of an estimator and the steps for preparing an estimate.
e-stm8 construction Cost estimating
Software, as it provides a flexible platform for estimating construction costs.
Cash Flow estimating Tool
for estimating the costs and revenues pattern during construction.
Books On Cash Flow