Factors that Impact the Cost of Construction of a Project 

Most clients are primarily concerned with the cost of construction of the new project they are commissioning. It is quite common for clients to ask about the cost of the project and whether or not it can be executed at a lesser price. In order to answer this question, you will have to point out several interlinked factors that make up the entire cost of the project. This includes the priorities of the client as well as the nature of the project. Other factors also impact the total cost of the project such as the designer developing the building design and the choice of procurement options available as well as the current market conditions.

The Client’s Priorities 

The expectation of the client should be met as the entire project is for their benefit. Different people have different expectations and what is important for one client might not be for others. So, make sure to figure out what your client’s priorities are. Once you have an idea of what the client expects you will be able to figure out the total cost of the project.

The Nature of the Project

The characteristics that the architect specifies help in determining the cost of the project. There are a lot of different building design options available and it can be hard to predict total costs. Although there are some buildings for which determining the costs with great accuracy is possible such as school buildings. The nature of the project impacts the total cost of the project along with the choice of architect.

Design Costs

Design factors such as the shape, size and complexity of the project all have an impact on the total costs of the project. Buildings with regular floor plans and a simple rectangular structure tend to be less expensive than curved or angular buildings. Buildings that have a complex layout require more time and are riskier. If the building requires special features, you may not be able to work with used industrial equipment and materials. Expensive materials and equipment will result in additional costs. 

Site Conditions

The location of the project as well as the physical site conditions have a significant affect on its total cost. When the building is designed and constructed it is important to consider the features of the natural site and the existing and adjoining buildings. If the site requires demolition and clearance, it will cost more.

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