Estimating Building Construction Costs - Elements and Tools

I found good article which I think it useful to post here. By Dean Forster.

The practice of estimating building construction costs is as important a step as the construction itself. In building a home, a facility or any other structure, it is important to approximate the amount that will be used on the project or come up with an estimate as close as possible to the actual costs. Most construction project failures, be it domestic or commercial, are caused by lack of balance in the anticipated cost of the project and the actual expenses.

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