Desk Report,
How much does it cost to build a 10-story building?
Dream house. Who doesn’t like a beautiful environment and a tasteful house? This basic thing for housing is desired by everyone. For many, this desire is often not fulfilled due to financial constraints. The limitation of resources to fulfill the desire is eternal. Yet, we dream of building a beautiful dream house or building with limited resources as a safe haven for future generations. Before building a building, it is essential to get an idea of the potential cost based on the architectural design, structural design, specifications and estimate preparation of the relevant site based on the market price or rate schedule.
How much does it cost to build a 10-story building?
Generally, this method of determining the potential cost or cost of engineering work is called estimation or estimate. An estimate is a method of calculating the possible cost, time, labor, and materials of a project (building construction, road construction, bridge construction, etc.) in advance, the English word for which is estimation. The purpose of an estimate is to get a possible idea of the cost of a construction work, prepare a budget, prepare tender documents in official cases, plan and prepare the project, procure construction materials, equipment, prepare to collect funds, and verify the actual cost after the project is implemented or after the construction. An estimate is prepared by calculating the quantity of various parts of the structure required in construction work at market prices or according to the prescribed rate schedule. Detailed architectural plans, structural designs, specifications, and various item-based contemporary prices are required for the estimate. The accuracy of the estimate depends on the foundation provision, architectural and structural designs, price of construction materials, construction standards, and comparative market prices of fittings and fixings used. Durable and quality materials should be used in construction work. In this regard, if high-value construction materials, i.e. fittings and fixings, are used, the cost estimate increases to a large extent. In short, the estimate in any procurement is a relative analysis and calculation of potential costs, which is like mixing paint with a certain amount of water. The more the amount of paint in the mixture, the darker and brighter it will be. That is, the sweeter the molasses.
Apart from this, the construction cost of a building varies greatly depending on the foundation. For example, if the load-bearing capacity of the soil is good enough, it is possible to construct a building on a shallow foundation or shallow foundation without providing a pile foundation. The construction cost is relatively low in this foundation provision. The potential cost per square foot based on the plinth area in a shallow or shallow foundation can be 1,800 to 2,000 taka. Accordingly, the minimum and maximum cost of a building with a plinth area of 1,200 square feet with a 5-storey foundation will be about 110 and 120 lakh taka respectively.
On the other hand, if the soil at the site of the building or building to be constructed is weak or its load-bearing capacity is not desired, then pile foundation will be required, which is costly and time-consuming. In this case, the cost of the building or building will be estimated at 2,500 to 3,000 taka per square foot based on plinth area. In this case, the estimated minimum and maximum cost of constructing a building of the same size with the same foundation at that price (excluding VAT, IT and contractor profit) will be about 1.50 crore and about 1.80 crore taka respectively.
How much will a 10-storey building cost
A possible range of costs per square foot can be outlined for the construction of a medium-sized building with a 10-storey foundation and a plinth area of 12,000 sq ft in Dhaka or its surrounding areas. So that according to the design of the building, it is necessary to prepare an overall cost estimate or estimate by combining the separate costs of civil, electrical, water supply system, fire fighting protection, detection, electromechanical etc. components.
In fact, the cost estimate of a building or structure depends on various factors. Such as the bearing capacity of the soil of the concerned site, architectural design, structural design, market price of construction materials, fittings and fixings of various types and prices, labor wages and other costs. Considering the relatively low bearing capacity of multi-storey buildings and soil, the possible minimum and maximum construction cost of a 10-storey building with a 12 thousand square feet plinth area based on pile foundation (excluding VAT, IT and contractor profit) can be about 30 crores and 36 crores respectively.
If the soil condition on the site is good, even a 10-storey or multi-storey building can be constructed on a shallow foundation or shallow foundation with the advice of an experienced civil engineer and structural designer. In that case, the implementation takes less time and the construction cost is relatively less. The cost given for the construction of a building or structure is a preliminary and approximate idea, which is helpful in ensuring the planning, implementation, financing and capacity considerations of each builder or building owner.
The cost of building construction also increases due to unplanned building design and over-design compared to the need. The cost estimate may also vary depending on the aesthetic value of the building or structure, fittings and fixings, and the price of construction materials. To construct a building that is safe, environmentally friendly, aesthetic, and cost-effective, a preliminary concept or estimate of the cost should be prepared by preparing an architectural design and completing a structural design through a reputable architect and experienced civil engineer, respectively.
