Construction cost is divided into different categories that togetherdetermine the overall project budget.
Below is a breakdown of the maincomponents:
• Materials (55-60%): The largest portion of construction cost goes intomaterials such as cement, bricks, steel, aggregates, wood, paints, etc.
• Labour (25-30%): Covers wages of skilled and unskilled workers includingmasons, carpenters, electricians, plumbers, and helpers.
• Professional Fees (5-10%): This includes fees for architects, engineers,project managers, and consultants.
• Permissions & Legal (2-5%): Covers statutory approvals, governmentpermissions, licenses, and legal documentation.
• Contingencies (5-10%): Allocated for unforeseen expenses, designchanges, or price fluctuations in materials and labour.
By understanding this breakdown, builders and homeowners can bettermanage their budget and ensure cost-effective construction planning.
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