{"id":40081,"date":"2022-07-06T07:16:05","date_gmt":"2022-07-06T07:16:05","guid":{"rendered":"https:\/\/www.my-equipment.com\/blog\/?p=40081"},"modified":"2022-11-25T05:35:26","modified_gmt":"2022-11-25T05:35:26","slug":"all-you-need-to-know-about-construction-hard-costs","status":"publish","type":"post","link":"https:\/\/www.my-equipment.com\/blog\/2022\/07\/all-you-need-to-know-about-construction-hard-costs\/","title":{"rendered":"All You Need to Know About Construction Hard Costs"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Construction hard costs include the costs of physical construction elements such as foundations, equipment, laborers, and so on. The costs associated with these elements are pretty easy to estimate. Usually, an experienced estimator quantifies the hard costs of a construction project. Hard costs make up almost 70% of the total cost of the construction project.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">These hard costs are usually incurred when the project is finally in its construction phase. Market conditions have a direct impact on construction hard cost estimation. Other factors like the cost of materials, labor, and delivery dates also have an impact on the hard costs of the project. These costs are calculated from the start of the project until its conclusion.&nbsp;<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.my-equipment.com\/blog\/2022\/07\/all-you-need-to-know-about-construction-hard-costs\/#Components_of_Construction_Hard_Costs\" >Components of Construction Hard Costs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.my-equipment.com\/blog\/2022\/07\/all-you-need-to-know-about-construction-hard-costs\/#Building_Structure_Costs\" >Building Structure Costs<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"Components_of_Construction_Hard_Costs\"><\/span><strong>Components of Construction Hard Costs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Hard costs include the costs associated with the engineering and design process of projects. These costs can change with architectural and engineering decisions. Usually, hard costs in a construction project include the following.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Building_Structure_Costs\"><\/span><i><span style=\"font-weight: 400;\">Building Structure Costs<\/span><\/i><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">These include the costs of materials and labor required for the construction of the structure along with any other costs associated with the building\u2019s construction.<\/span><\/p>\n<p><strong><i>Site Costs&nbsp;<\/i><\/strong><\/p>\n<p><span style=\"font-weight: 400;\">The costs of utilities needed at the site such as drains, piping, and water systems are included in site costs.<\/span><\/p>\n<p><strong><i>Landscaping Costs<\/i><\/strong><\/p>\n<p><span style=\"font-weight: 400;\">Hard costs also include the cost of grass, fertilizers, and other material that is used in landscaping jobs.&nbsp;<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\"><strong>Contingency Costs<\/strong>&nbsp;<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">It is an estimated amount that is set aside to deal with unforeseen circumstances and any other such expenses. The amount set aside is usually 5 to 10% of the total cost on a new project and around 10 to 20% on a remodeling project.&nbsp;<\/span><\/p>\n<p><strong><i>Change Orders<\/i><\/strong><\/p>\n<p><span style=\"font-weight: 400;\">Usually change orders result in the project going over budget, but the costs associated with change orders are also included in construction hard costs.<\/span><\/p>\n<p><strong><i>Estimation<\/i><\/strong><\/p>\n<p><span style=\"font-weight: 400;\">The materials and supplies used in the entire duration of the project along with any other needs and inventory requirements are included in construction hard costs. The salary of employees and any other fees that need to be paid during the construction process will also be included in hard costs.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Make sure to include all these things when you are estimating the costs of construction. Make a list of all the materials and equipment needed for the project along with their current rates in the area. If you need a dozer or a <\/span><a href=\"https:\/\/www.my-equipment.com\/vibratory-rollers\"><b>used road roller<\/b><\/a><span style=\"font-weight: 400;\"> for your project, include them in the list. You can use this list when estimating the hard costs of your project. <em><strong>Remember to calculate labor costs for the project as well. To do this, you can use data gathered from similar old projects.&nbsp;<\/strong><\/em><\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Construction hard costs include the costs of physical construction elements such as foundations, equipment, laborers, &hellip; <a href=\"https:\/\/www.my-equipment.com\/blog\/2022\/07\/all-you-need-to-know-about-construction-hard-costs\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;All You Need to Know About Construction Hard Costs&#8221;<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":40082,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[126],"tags":[366,365],"class_list":["post-40081","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-design-process","tag-physical-construction"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>All You Need to Know About Construction Hard Costs - Heavy Equipment Market Insights | News | Guides &amp; 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