New Construction Cost

New construction cost is the cost to construct an entire building at one time.  Modern materials and current methods, designs, current international building codes and layouts are used for new construction.  New construction cost does not take into consideration demolition, debris removal, site accessibility, or site work, overtime, bonuses for labor soft costs, extraordinary fees, premiums for materials, or other contingencies.  For insurance purposes, the prices used for labor, materials, overhead, profit, and fees are those in effect immediately prior to the loss.