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In June 2015, after careful review, the price to construct a new building in Jamaica varies from JAD$ 15,544.00 to JAD$ 58,000.00 (approx.US$ 134.00 to $500.00 per sq ft) and can exceed JAD$ 62,150.00 (approx. US$ 550.00 per sq. ft.)
To build a timber structure (using Raft Foundation) in Jamaica varies from JAD$ 15,544.00 to JAD$ 23,432.00 (approx. US$ 134.00 to US$ 202.00) and up.
To build a timber structure (using Strip and Pad Foundation) in Jamaica varies from JAD$ 19,836.00 to JAD$ 28,188.00(approx. US$ 171.00 to US$ 243.00) and up.
To build a concrete structure using Strip and Pad foundation in Jamaica varies from: JAD$ 34,684.00 to JAD$ 58,000.00 per sq.ft. (approx. US$299.00 to US$ 500.00 per sq.ft.) or can exceed JAD$ 63,800.00 (approx. US$ 550.00).
However, to build a concrete structure using Raft Foundation in Jamaica varies from: JAD$ 20,996.00 to JAD$ 40,368.00 per sq.ft. (approx. US$181.00 to US$ 348.00 per sq.ft.) or can exceed JAD$ 46,400.00 (approx. US$ 400.00).
When building, the price to build are dependent on these factors:
(i) The size of the building
(ii) The shape and complexity of the building and it's design
(iii) The buildings structural purpose and nature.
(iv) The type of building materials to be used in and outside the building
(v) The shape, complexity, and the topography of the land
(vi) The structural nature and capacity (strength) of the soil
(vii) The ease of accessibility to and from the building site
(viii) The Labor and Administrative Costs
(xi) Taxes to be paid (N.H.T.; N.I.S.; P.A.Y.E.; STAMP DUTY TAX; and LEVY TAX)
The RED ZONE (the DANGER ZONE) for both clients and builders desiring to build would be below:
(i) JAD$ 15,544.00 (US$134.00) for timber (using Raft Foundation);
(ii) JAD$ 19,836.00 (US$171.00) for timber (using Strip & Pad Foundation);
(iii) JAD$ 20,996.00 (US$ 181.00) for concrete (using Raft Foundation).
(iv) and JAD$ 34,684.00 (US$ 299.00) for concrete ( using Strip & Pad Foundation);
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