Construction Cost India
When it comes to construction projects, historically the construction cost of projects in India has been relatively low. Due to the large base of available labor and lack of high construction standards, the construction cost in India is far less than it has been in the United States and Great Britain. As the nation continues its rapid modernization, however, the construction cost in India is starting to increase, along with the quality expected from the finished building product.
Determining the construction cost in India is a job normally handled by an estimator or accountant assigned by a general contractor to a specific project. No two estimates are the same, as requirements differ from one project to another. Construction estimating software can help guide the estimator or accountant down the right track.
During the traditional bid process, the construction cost in India covers the amount it would cost a general contractor to build a project, pay its employees and make a small percentage of profit. The estimate covers the cost of items like concrete for the foundation, cables for electrical wiring, flooring, plumbing, carpentry and HVAC (heating, ventilation and air conditioning). In this case, the construction cost in India does not cover the cost of building or project design, as an architect has been hired by the property owner through a separate contract process.
In the instances where the design-build process is used, the work done to determine the construction cost in India is more involved. In this process, an architect and general contractor combine as a team and present a building or project design and construction contractor services in one proposal. The design-build process is used by those who believe an architect-contactor team with a past history of working together would be more efficient and, as a result, cheaper than an architect and contractor working together for the first time.
The construction cost in India as part of a construction manager at-risk (CM at-risk) project falls in between the two. The architect is hired separately from the general contractor, but the contractor is involved in the project from the pre-construction process all the way through completion. The estimate comes in the form of a guaranteed maximum price, which covers all services rendered from pre-construction through the building process.
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