What does the square-foot method estimate?

The square-foot method is primarily used to estimate a project's cost based on its square footage. This approach enables contractors and estimators to get a quick approximation of overall project expenses by multiplying the total square footage of the building or project area by a predetermined cost per square foot. This cost per square foot reflects various factors, including materials, labor, overhead, and profit margins.

This method is particularly beneficial for aiding in initial budgeting and feasibility assessments during the early stages of a project. It provides a straightforward way to compare costs across different design options or building types without requiring a detailed breakdown of every individual cost component. The simplicity and efficiency make it a popular choice in the construction industry for preliminary cost estimation.