For instant a construction project of USD 1.2millions is going to be given to a thierd party to regularly supervise the construction quality and report to the funding agency. how much of the project cost is relevant to goes to the supervision individual/company.
How much is globally the supervesion cost for a construction project?
- Posted:
- 3+ months ago by Mustafa2016
- Topics:
- project, party, construction, cost, instant
Details:
Answers (2)
It is totally dependent on what types of services are delivered for constructing a building. In fact, sometimes the cost also depends on the usage of advanced machineries, the performance of labors, the usage of materials and much more. For more information, you may consult with some experts, who have some adequate knowledge regarding all such aspects and can deliver some informative details as per the requirements.
The cost of supervision for a construction project varies worldwide, depending on the size, location, and complexity of the project. On average, supervision costs can range from 5% to 15% of the total project cost. When estimating supervision expenses, it is vital to take into account factors such as the project's scope, the level of expertise required, and regional labor rates.