How Much Does Construction Cost?

Great Question. It's one Tom and I (partner Tom) ask a lot about different projects we review and consider.

To get a quick ball park, look at public info on other projects. That's what we do to get a general idea.

From there, we add contingencies such as materials cost increase (right now, anything made with or processed using oil, which in construction is about everything) and site challenges (slopes, water front, wetlands, elevations, etc.).

It's a quick and easy way to calculate costs. In fact, this is my preferred method.

Then, if we get to that point in a project where we have basic drawings for a contractor, we get firmer estimates.

Eventually, you get a contract from your builder with specific prices, or fixed bid contracts.

Here's a source I use once in a while for the Greater Portland area: Daily Journal of Commerce. They print information on a lot of the big, multi-million dollar projects around the NW - including major rehabs - so you can get a ballpark, "How many millions to do this..." idea.

Adios and have a good weekend.

Now, Go Make an Offer(TM)!

Jerry

Jerry A. Jones

3488 Liberty Rd S

Salem, OR 97302

jerry@jerryjonesdirect.com

www.jerryjonesdirect.com

P: (503) 339-6000

F: (503) 218-0557