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Concrete construction cost is one of the crucial and major components of total cost of a project. It greatly influences the total cost, so it is required to be estimated accurately. There are several parameters that influence the cost of concrete construction for instance grade of concrete, cost of materials like formworks, reinforcement steel, labors, finishing etc. The cost of these parameters are not constant but rather vary from one location to another one, in addition to the material quality which also affect concrete construction cost. Moreover, if concrete construction cost is overestimated, it leads to overestimation in the total project cost and the owner would have to spend more money, or he/she probably makes a decision not to proceed with the project. However, if construction costs are underestimated, there would be several unexpected expenses during the construction stage. These costs affect the contractor, the owner, or both, in addition to substantial loses. Therefore, it is considerably important to have adequate information about different variables and item of concrete construction cost.Contents:
Components of Concrete Construction CostÂ
Costs for specific items of concrete construction varies from one location to another one. There are many variables that need to be considered which are being discussed below:- Grade of Concrete
- Surface Preparation Cost
- Cost of Formwork
- Cost of Reinforcing Materials
- Concreting Cost
- Finishing Work Cost
- Cost of Hiring Engineers
- Contingency Cost