building your own home

When building your own home you’re faced with a number of decisions that will impact cost and schedule and every owner hopes to anticipate as many costs as possible — that means including reasonable contingencies. Initially an owner will need to answer a few questions before even starting the design process: Will you purchase a…

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construction equipment costs

When a contractor estimates a new, remodel or renovation project he must determine the construction equipment costs that will become part of the contractor’s overhead expense. Estimating the cost of equipment for a project can be as challenging as calculating his labor costs. It will depend greatly on whether the equipment needed is owned by…

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Overhead Costs - Direct and Indirect

Included in every estimate for any construction or renovation project are overhead costs which are generally added as a percentage to sum of labor, material and equipment. Overhead costs amount to a sizeable portion of the cost of any project and failure by the contractor to adequately project these costs can make the difference between…

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Construction Markup

Contractor markup is a given when hiring a contractor for your project. ¬†You will have a bid or negotiated contract that will include a percentage for the contractor’s overhead and profit. If you have requested a cost breakdown from your contractor you will likely see a percentage for their markup or profit. What you probably…

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