square foot method

square foot method

The practice of estimating the cost of construction work by reference to the number of square feet in a structure. For example, houses of a certain quality might cost $100 per square foot to build.One might obtain a wide variety of bids for subcontracting work,such as plumbing and painting, because of the ability of some subcontractors to review plans and calculate the labor,materials,overhead,and profit necessary for them to accept the job,while others use a simple square footage method and hope that it all works out okay.

References in periodicals archive ?
Marshall & Swift pioneered the "total component estimating" method, allowing insurers to use the power of the computer to essentially estimate the replacement costs of buildings the way builders do, displacing out-of-date and subjective square foot methods.