QTO Subdomain - NEW JERSEY
QTO Subdomain - NEW JERSEY   // NEW JERSEY // : (866)-493-4944 enquiry@quantity-takeoff.com
QTO Subdomain - NEW JERSEY   // NEW JERSEY // : (866)-493-4944 enquiry@quantity-takeoff.com
QTO Subdomain - NEW JERSEY

QTO Subdomain - NEW JERSEY // NEW JERSEY // : (866)-493-4944 enquiry@quantity-takeoff.com

QTO Subdomain - NEW JERSEY  // NEW JERSEY //
: (866)-493-4944 enquiry@quantity-takeoff.com
QTO Subdomain - NEW JERSEY  // NEW JERSEY //
: (866)-493-4944

Construction Cost Estimates in New Jersey

Construction Cost Estimates in New JerseyConstruction estimates are also depends on the type of construction, whether it is a residential project or a commercial one, or if it is a renovation, extension or remodelling work. New construction or major reconstruction work includes all major phases of construction like site preparation, earthwork, drainage, structures, paving, etc. whether contracted separately or as a complete project. Minor items such as signing, landscaping etc are included unless they are in separate specialty contracts.

 

Scope differences and market conditions can cause construction costs to vary significantly. For instance, construction cost estimates for 1-3 story apartment in Jersey City, New Jersey 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:

 

Apartment, 1-3 Story Construction Cost Assumptions
Location Jersey City, New Jersey
Location Jersey City, New Jersey
Stories 3
Story Height (L.F.) 10.00
Floor Area (S.F.) 22500
Basement Included No
Data Release Year 2013
Apartment, 1-3 Story Construction Cost Assumptions
Location Jersey City, New Jersey
Location Jersey City, New Jersey
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:

 

Apartment, 1-3 Story Square Foot Cost Assuming Brick Veneer / Wood Frame

 

Cost Estimate (Union Labor) % of Total Cost Per SF Cost
Total   $125.69 $2,987,100
Contractor Fees (GC, Overhead, Profit) 25% $31.42 $707,000
Architectural Fees 8% $12.57 $282,800
Total Building Cost   $169.69 $3,817,900

 

Cost Estimate (Open Shop) % of Total Cost Per SF Cost
Total   $115.40 $2,596,500
Contractor Fees (GC,Overhead,Profit) 25% $28.85 $649,100
Architectural Fees 8% $11.54 $259,600
Total Building Cost   $155.79 $3,505,200

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