For a discussion. of the related concepts of entrepreneurial incentive, developerâs profit, contractorâs profit, profit, and project profit, see Appraisal Institute, The Appraisal of Real Estate, 13th ed.
According to the Fire Protection Research Organization's 2009 Fire Sprinkler Cost Assessment, sprinkler installation costs homebuilders $0.38-$3.66 per sprinklered square foot, with an average cost of $1.61 per sprinklered square foot. For an average 2,200-square-foot home, expect to pay about $3,542.
The primary purpose of this study is to review current home fire sprinkler system costs against the 2008 benchmark study to gain a better understanding of how increasingly widespread adoption of sprinkler ordinances impacts system cost.013 Cost of Residential Sprinkler Final Report-Newport Partners Page 30 For this community we were able to separate material and installation costs for the sprinkler systems. Material cost averages $4,352 for the three systems while the average installation cost is $8,650.