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Cost Per Square Metre Formula:
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The Cost Per Square Metre is a standard metric in construction that helps compare project costs by dividing the total cost by the total area. It's essential for budgeting and cost estimation.
The calculator uses a simple formula:
Where:
Explanation: This calculation standardizes costs regardless of project size, allowing for meaningful comparisons between different construction projects.
Details: Calculating cost per square metre helps in budget planning, cost control, and comparing the cost-effectiveness of different construction methods or projects.
Tips: Enter the total project cost in USD and the total area in square metres. Both values must be positive numbers.
Q1: What's a typical cost per square metre for residential construction?
A: Costs vary widely by location and quality, but typically range from $1,000 to $3,000 per m² for standard homes.
Q2: Does this include land costs?
A: No, this calculation typically only includes construction costs. Land costs should be calculated separately.
Q3: How accurate is this metric for cost estimation?
A: It provides a rough estimate but doesn't account for design complexity, site conditions, or premium finishes.
Q4: Should I use internal or external area?
A: Typically use gross internal area (GIA) for residential projects and gross external area (GEA) for commercial.
Q5: How does this compare to cost per square foot?
A: 1 square metre = 10.764 square feet. Divide m² cost by 10.764 for approximate cost per square foot.