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Get Construction Loan Cost Breakdown Worksheet
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How to fill out the Construction Loan Cost Breakdown Worksheet online
The Construction Loan Cost Breakdown Worksheet is a crucial tool for users to document and manage expenses associated with construction projects. This guide will provide a clear step-by-step process to help users accurately complete the form online.
Follow the steps to complete your Cost Breakdown Worksheet effectively.
- Click ‘Get Form’ button to obtain the Construction Loan Cost Breakdown Worksheet and open it for editing.
- Fill in your name at the top of the worksheet. This identifies you as the borrower or the primary individual associated with the construction loan.
- Locate the 'Category' section and fill in the corresponding budgeted amounts for each item listed. Each category must include both labor and materials costs.
- Start with the first item, Excavating/Foundation. Enter the budgeted loan amount that will be allocated for this specific category.
- Proceed to the subsequent items, continuing the same process for Concrete Floors, Steel Beams & Stanchions, and so forth, until you reach the last item, Financial Servicing Fee.
- In the section for 'Loan Number', input your unique loan number associated with this project.
- Check the 'Budgeted Loan Amount Paid By Owner' section, ensuring to include the total budgeted amount alongside any contributions made by the owner.
- Indicate the total cost to build by adding all the budgeted amounts listed. This provides a comprehensive overview of the expected financial obligation.
- Record the date of completion at the bottom of the worksheet to document when the form was filled out.
- Finally, the borrower should sign the form to validate the provided information before saving the document.
- Once all fields are complete, save your changes. You may choose to download, print, or share the filled-out worksheet as needed.
Complete your Construction Loan Cost Breakdown Worksheet online to ensure accurate documentation of your construction expenses.
Calculating Your Unit Pricing Calculate your material costs separately. Add labor costs to material costs to get your total direct costs. Divide the total direct costs by the total square footage of your sample using this formula: Labor cost / square footage = cost per square foot for labor.
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