Remember, this is not an official quotation, but a helpful tool in finalizing your detailed scope and budget. These costs may vary depending on: contractor's profit, labor, location, schedule, duration of the work, materials selection, site conditions (e.g. condition of existing plumbing and electrical).
Due to material price fluctuations as a result of the ongoing pandemic and high demand for home renovations, we are seeing overall construction cost increases ranging from 10% to 30% higher than 2019-2020.
In addition to the final construction cost agreed with the contractor, Billdr always recommends reserving a contingency of at least 10% of the total contract value to cover changes during construction.