City of Burlington, Vermont

City of Burlington, Vermont

City Hall, 149 Church Street, Burlington, VT 05401
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Estimated Vs Actural Cost of Constrution.

The “cost of” construction includes the contractor’s profit and other costs the owner is paying for.  So the cost of construction of any project is the cost the owner is paying out of pocket for a complete project.   The “estimated” cost is merely an estimate of all costs before the project begins, an estimate to be reconciled by the actual costs that will include additional cost (i.e., change orders) accumulated over the time of the project.