Commercial plaza construction cost 2021
Previously, all articles on the cost by Team Overc’s were applicable on residential construction projects only, however, there was a very popular demand by our followers for commercial plaza construction cost frame structure. Since Team Overc’s already has the first-hand experience of various commercial projects successfully completed in Lahore & Islamabad, hence it is easy for us to guide our followers about the cost of commercial plazas built as a frame structure. However most of the methods of calculating cost might be the same as in our previous articles and videos, there is one significant change in this video where we have also mentioned quantities along with the per sqft costs. Similar to previous residential costing videos, this costing video for the commercial plaza will also be only for grey structures.
Commercial plaza construction can be done by two methods which should be known before going towards the construction cost of the commercial plaza:
A contract in which owner procures material and supervises labor on self help basis. A labor contractor is responsible for arranging required labor to carry out construction procedures. Construction cost is this case is all in hands of owner himself. Final cost of construction will depend upon how well the owner has managed construction process both in regards of material procurement and labor procurement. In this video we will discuss construction cost for this method.
This is a method or contract in which owner hires a professional company on lump sum or per square foot construction rate for a turnkey solution. Owner do not has to worry about the construction cost as the builder has agreed to provide him with all services within in predefined budget and cost. Owner only has to supervise if builder is carrying out the work as per the agreement or not. At the end of this video we will tell you how much a professional company charges for its services and how much per square foot you will have to pay extra than the cost that could have been if you build the commercial plaza yourself.
L et us see what will be the total cost of Grey structure for 5 marlas commercial plaza frame structure method:
-Possible ±5% Variation is possible in the cost shown in video
-Rates applicable on frame structures only in Lahore & Islamabad/Rawalpindi
-Skills required to achieve this cost:
-Past construction experience
-Quality & honest labor
-Labor management skills
-Quality, timely & cost-effective material procurement
-Factors such as construction inexperience, unusual
covered areas, frequent wear & tears, fraudulent labor
etc can affect this cost figure
-Hire a professional company which will add a figure of 200 Rs/sq.ft
minimum as margin.
-Basement grey structure will cost a minimum of 2029 Rs/sq.ft (Basement costing article can be found in blogs section)