Definitions for "Construction Cost"
The cost of all the construction portions of a project; generally based upon the sum of the construction contracts and other direct construction costs; does not include the compensation paid to the architect and consultants, the cost of land, right-of-way, or other costs which are defined in the contract documents as being the responsibility of the owner.
All costs attributed to the construction of the project, including the cost of contracts with the contractor(s), construction support items, general condition items; all purchased labor, material and fixed equipment. See Also: Cost of Construction
The cost to build a structure including direct costs of labor and materials, contractor's overhead and profit plus indirect costs such as taxes and construction loan interest.