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Construction Cost Estimates in Georgia

Construction estimates depends on the type of construction, whether it is a residential project or a commercial one, or if it is a extension, renovation, or remodelling work. New construction or major reconstruction work includes all major phases of construction like earthwork, site preparation, drainage, structures, paving, etc.

 

Construction costs can vary significantly due to scope differences and market conditions. For instance, construction cost estimates for 1-3 story apartment in Georgia is determined by various factors such as location, size etc. The below mentioned analysis of costs are derived from a building model that assumes basic components, using union labor for a 22500 square foot building:

Construction Cost Estimates in Georgia

 

Apartment, 1-3 Story Construction Cost Assumptions

 

Location Atlanta, Georgia
Stories 3
Story Height (L.F.) 10.00
Floor Area (S.F.) 22500
Basement Included No
Data Release Year 2013

 

The cost assumption for a construction depends on the materials utilized, like the estimate for a 1-3 story apartment, square foot of face brick with concrete block back-up/ steel joists will vary from the one of face brick with concrete block back-up/ wood joists or the estimation for a building with stucco on concrete block/ steel joists will differ from stucco on concrete block/ wood joists or wood siding/ wood frame. For instance the following table presents the estimation for an apartment with brick veneer/wood frame:

 

Cost Estimate (Union Labor) % of Total Cost Per SF Cost
Total   $100.28 $2,256,300
Contractor Fees (GC, Overhead, Profit) 25% $25.07 $564,100
Architectural Fees 8% $10.03 $225,600
Total Building Cost   $135.38 $3,046,000

 

Cost Estimate (Open Shop) % of Total Cost Per SF Cost
Total   $92.07 $2,071,500
Contractor Fees (GC, Overhead, Profit) 25% $23.02 $517,900
Architectural Fees 8% $9.21 $207,200
Total Building Cost   $124.29 $2,796,600

 

Apart from apartment construction estimates here is another example of construction cost estimates for retail store in Atlanta, Georgia. The below mentioned analysis of costs are derived from a building model that assumes basic components, using union labor for a 8000 square foot building:

 

Retail Store Construction Cost Assumptions

 

Location Atlanta, Georgia
Stories 1
Story Height (L.F.) 14.00
Floor Area (S.F.) 8000
Basement Included No
Data Release Year 2013

 

Similar to apartments, the construction cost assumption depends on the materials utilized, like a retail store with face brick on concrete block/ steel joists will vary from the one with painted reinforced concrete/ steel joists or one with split face concrete block/ steel joists will differ from one with stucco on concrete block/ steel joists or with tilt-up concrete panels/ steel joists. For example the below mentioned table provides the estimation of a retail store with EIFS on metal studs/ steel joists:

 

Cost Estimate (Union Labor) % of Total Cost Per SF Cost
Total   $79.81 $638,400
Contractor Fees (GC, Overhead, Profit) 25% $19.95 $159,600
Architectural Fees 8% $7.98 $63,800
Total Building Cost   $107.74 $861,900

 

Cost Estimate (Open Shop)   $73.42 $587,400
Total   $79.81 $638,400
Contractor Fees (GC, Overhead, Profit) 25% $18.36 $146,900
Architectural Fees 8% $7.34 $58,700
Total Building Cost   $99.12 $793,000

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