Construction Cost Estimates for Bank in National, US
The following analysis estimates the cost to build a bank using US National Average costs from 2013 RSMeans cost data. Costs are derived from a building model that assumes basic components, using union labor for a 4100 square
foot building.
Scope differences and market conditions can cause costs to vary significantly. To see an estimate of the costs to build a bank in a specific city or metropolitan area, go to our index of bank models by state.
NOTE: This cost estimate uses 2013 RSMeans data. A more accurate estimate using current RSMeans cost data is available on Construction Estimating Software
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| Bank Construction Cost Assumptions |
| Location: |
US National Average
|
| Stories: |
1
|
| Story Height (L.F.): |
14.00
|
| Floor Area (S.F.): |
4100
|
| Basement Included: |
No
|
| Data Release: |
Year 2013
|
|
Bank Square Foot Cost Assuming Face Brick with Concrete Block Back-up / R/Conc. Frame
| Cost Estimate (Union Labor) |
% of Total |
Cost Per SF |
Cost |
| Total |
|
$178.29 |
$731,000 |
| Contractor Fees (GC,Overhead,Profit) |
25% |
$44.57 |
$182,800 |
| Architectural Fees |
11% |
$24.52 |
$100,500 |
| Total Building Cost |
$247.38 |
$1,014,300 |
|
| Cost Estimate (Open Shop) |
% of Total |
Cost Per SF |
Cost |
| Total |
|
$163.29 |
$669,500 |
| Contractor Fees (GC,Overhead,Profit) |
25% |
$40.82 |
$167,400 |
| Architectural Fees |
11% |
$22.45 |
$92,100 |
| Total Building Cost |
$226.57 |
$928,900 |
|
OTHER OPTIONS:
Bank Square Foot Cost Assuming Face Brick with Concrete Block Back-up / Steel Frame
Bank Square Foot Cost Assuming Limestone with Concrete Block Back-up / R/Conc. Frame
Bank Square Foot Cost Assuming Limestone with Concrete Block Back-up / Steel Frame
Bank Square Foot Cost Assuming Precast Concrete Panel / R/Conc. Frame
Bank Square Foot Cost Assuming Precast Concrete Panel / Steel Frame
