Construction costs refer to the total expenses incurred in building a structure, including materials, labor, and equipment. These costs can vary significantly based on factors such as location, project size, and the complexity of the design. Common materials like concrete, steel, and wood contribute to the overall budget, while labor costs depend on the skill level and availability of workers. In addition to direct costs, construction projects may also involve indirect expenses, such as permits, inspections, and insurance. Understanding these costs is essential for project planning and budgeting, ensuring that the project stays on track financially and meets its deadlines.