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Contracts & Costs

Materials Cost

The cost of all physical materials incorporated into a building project - from concrete and blockwork to roof tiles, timber, insulation, and finishes. Materials typically account for 40–55% of a residential extension cost. Material prices fluctuate with supply chain conditions, energy costs, and exchange rates. Contractors purchasing materials in bulk or through trade accounts receive significant discounts compared to retail prices.

Related terms

JCT ContractVariation Order (VO)
Material AmendmentMCB (Miniature Circuit Breaker)

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More in Contracts & Costs

  • Bill of Quantities (BQ)
  • Contingency
  • Contractors' All Risks Insurance
  • Cost Plan
  • Defects Liability Period (DLP)
  • JCT Contract
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