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Useful Tools to Estimate Your Construction Costs

The first post of this series was published a year ago and revealed to be very useful judging by the number of hits every day.

Although the construction tender prices in Ireland have fallen by 11% over the last 12months the rate of decline is starting to slow down.

Please be aware that the high-risk strategy that some Contractors are using to persistently offer low tender prices increases the risk of insolvencies. That’s why you need to be very careful when choosing a contractor and make sure you have a well written Contract in place.

In this 2nd post we give you some more useful references to help you with cost guidance on your project.

Selfbuild Rates is an online system that allows you to calculate the true cost of your build.

Bruce Shaw provides a Cost Calculator in their website but please note their construction cost database does not include Residential Projects (only Commercial Offices, Warehouses and Retail).

Check your Price helps you estimate both typical labour only costs for all types of home improvement installations, renovations and repairs as well as the overall costing for complete refurbishment projects & building renovations. This website provides general building costs in UK for a number of different categories.

The British Magazine Homebuilding & Renovating lets you download the 2010 Build Cost Guide.

OnlineTradesmen.ie regularly publishes quotes received by other property owners for their home improvement and building projects nationwide.

The specifications for a project can vary immensely. A high specification will have a proportional impact on the final price of your project.

Remember that you should include in your Construction Costs the fees for all professionals involved in your project. This may be approx. 11% of the overall construction costs and it will include for architect’s fees, engineer, surveyor, BER assessor, etc.

Check out Construction Costs in Recession Ireland for more useful references.

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7 Comments

  1. Jordan

    Thanks for taking the time to discuss this, I feel strongly about it and love learning more on this topic. If possible, as you gain expertise, would you mind updating your blog with more information? It is extremely helpful for me.
    curt

    • Hallie

      You’re a real deep thinker. Thanks for sharing.

  2. college board

    Having read this material, I have learned for myself a lot of the new. Thanks

  3. Paul Lee

    Hi Isabel. Thanks for this information- really great!

  4. Paul Lee

    Hi Isabel. Thanks for this! Great information.

  5. Ziggy

    Good to find an expert who knows what she’s talking about!

  6. check

    There is obviously a lot to know about this. I think you made some good points in Features also. Its really very nice and fantastic post thanks for sharing this with us.

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