GFA and Project Cost Estimation
GFA figures are central to estimating project construction costs. Since it includes usable and semi-usable areas, calculating GFA accurately helps developers forecast expenses related to materials, labor, and approvals. An inflated GFA projection can derail budgets, while underestimating it might lead to missed approvals or compliance issues. For effective budgeting and funding, GFA-based cost estimation is a must-have skill for developers.