๐Ÿ“Š Business & Management ยท Tool #47

Project Cost Calculator

Estimate total project cost from labor, materials, other direct costs and contingency.

Enter your figures

Enter the values below to calculate your result.

Changes the displayed currency symbol only; no exchange-rate conversion.

Calculation Results

Based on the figures you entered.

Estimated Project Cost
$38,500.00
Direct Costs
$35,000.00
Contingency
$3,500.00

Estimated project cost includes direct costs plus the selected contingency allowance.

About this calculation

Estimate the budget required to complete a project by adding direct costs and a contingency allowance.

Formula: Total Project Cost = Direct Costs + (Direct Costs ร— Contingency % รท 100)

How to use this calculator

What to enter

Enter or select the following as requested: Currency โ€” Display Only; Labor Cost ($); Materials Cost ($); Other Direct Costs ($); Contingency (%). Follow the units, valid ranges, examples, and options displayed beside each field.

What the result means

The total is the sum of the cost items and any contingency or allocation entered. Check whether each amount is monthly or annual so unlike periods are not accidentally compared.

When to use it

Use this to budget business or project costs and compare the estimate with actual spending.