Brick & Bolt, a tech-enabled construction company, launched its Construction Cost Calculator. This tool enables plot owners to get an instant estimate of costs for their home construction and is designed to bring more transparency and predictability to their construction journey, enabling informed decision-making and a transformative construction experience.
In line with its goal to make the end-to-end construction process owner-friendly and reduce the opacity in costs incurred throughout the construction process, Brick & Bolt has shared a free cost calculator across all major cities, with more cities being added to its roster. By providing a clear picture of the estimated construction costs per square foot, with the bifurcation of built-up cost, car parking cost and balcony and utility cost, the new tool takes into account specific needs that can be customised, allowing homeowners to accurately calculate the cost with each square foot tailored as per their vision and expectations, be it a villa or an apartment.
Jayesh Rajpurohit, Co-Founder and CEO of Brick & Bolt said, “We have streamlined the construction process by allowing plot owners to track the project progress in real-time through 3D and viewing all designs and plan recommendations through our app, but our latest announcement is to level up on our promise of offering practical solutions to our customers through tech-enabled tools. The Construction Cost Calculator provides an accurate cost estimation in line with the design and package specifications."
By calculating the per square foot costs, which are derived from material specifications, designs and brand choices made by the homeowners for fittings, tiles, etc, along with the labour charges, Brick & Bolt offers a consolidated calculation.
The cost of building a property is influenced by several key parameters that collectively shape the overall budget and planning. One of the primary factors is the project's location, which affects material costs, labour availability, and logistics. The type of design or design specifications also plays a crucial role, as architectural style, complexity, and customisation can significantly impact both time and cost. A detailed Bill of Quantities (BOQ) provides an itemised breakdown of materials and work involved, offering clarity on projected expenses. The package type, which refers to the selection and quality of construction materials, further defines the cost framework. Additionally, labour costs vary depending on the region, demand, and availability of skilled workers. Lastly, a site survey or soil test report is essential, as it evaluates the topography, ground conditions, and soil strength, which are critical factors for informed structural design and foundation planning.
The Cost Calculator also incorporates a floor-wise calculation and location-specific calculations, keeping in mind the local labour rates, transportation costs, climatic conditions, government regulations, etc., providing homeowners with the insights needed to make a well-thought-out decision about how they envision their dream home. It also breaks down construction cost estimates across four unique pricing packages, Basic, Classic, Premium, and Royal. This tool aims to give plot owners and construction partners clarity and confidence about the entire process. Brick & Bolt aims to control quality, offer predictable pricing and scale operations efficiently through its Cost Estimator Calculator.
