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.
1 A complete sprinkler system for new construction generally costs $1 to $2 per square foot including all equipment and installation. 2  Retrofitting an existing building is more expensive-usually about $2 to $7 per square foot.prinkler System Average Costs. Small businesses or homeowners might spend a few thousand dollars to install a fire sprinkler system while large corporations could spend hundreds of thousands. The price depends on a variety of factors.