The 30 day basement challenge part 3 - how much did it cost?

Often we get inquiries about how much a project should cost.  Estimates vary widely, and without comprehensive specifications we have difficulty ourselves coming up with a number.  What we do know, is what it cost to finish our own projects.  You could say we have a pretty tight control over what our spec homes cost, because if we do not, we risk losing significant sums of our investment.

Recently we completed a basement in 30 days.  It was a considerably effort to do so on that timeline, and it required our sole focus to manage effectively.

We are going to publish a rough itemization of the cost to have the work done below.  While this is somewhat proprietary, we do not have a problem sharing the information if it helps others with managing the budget on their own project.  There are also various ways to account for the total cost of the job. We are just going to list the bills received to get the job done, and not go into project management fees, financing fees, overhead and other soft costs.

framing	750
lumber	350
plumbing rough in to final install labour	700
tile material only	715
electrical	1050
tile labour	645
lights	300
quartz countertop material and labour	600
cabinetry supply and install	850
drywall to paint all inclusive	6600
carpet supply install	1825
cleaning and dump fees	250
plumbing finish supplies	675
finishing all in (doors, trim,  materials)	1600
mirror and shower door	480
central vacuum tie in	200
total	17590

So, now we know the raw cost of the material and labour to do the job.  We can convert that back to a square footage price ($29.31) and that can be a guideline for those attempting to manage the job themselves.  This is where we get to the fine print. This price would be for a homeowner who (a) has an understanding of market price for labour and gets reasonable deals from the trades, and (b) has the time and energy to manage the effort of 20 + suppliers and workers, and the knowledge to make sure the work is done properly.  I would estimate that any full time employed person would not have the ability to do this (while working themselves), nor the experience to manage quality control of the workmanship.

Other costs that would be factored in are city permits/inspections, cost to finance, and project management.