It is the cost/money charged by a builder or contractor for 1 sq.ft. construction in your area. Construction rate per sq. ft. are changed from location to location depends on the availability of local construction material. For if you are constructing a house in an urban area where construction materials are easily available at a competitive rate, the rate of construction area lower. On the other hand, if you are constructing any structure in a rural area where the availability of construction material is less, and there is a need for transportation, the rate of construction will go higher.