You can follow these steps: 1) Establish the building quality class. 2) Calculate the area of the first floor. 3) Multiply that by square foot costs estimates as explained above. 4) Add the costs of mechanical and electrical fixtures.

The few benefits of using construction estimating software are: 1. Accuracy 2. Time Saver 3. Increase Profit Margins

There are four basic steps in the construction cost estimating process. These steps are utilized to take a project from conception to a full cost estimate and they are carried out while using any cost estimating software. 1) Understand the Project Scope 2) Understand the Direct Project Costs 3) Determine the Project Timeline and Indirect Costs 4)

Expense incurred by a contractor for labor, material, equipment, financing, services, utilities, etc., plus overheads and contractor's profit. Costs such as that of land, architectural design, consultant and engineer's fee are not construction costs.