A multifunctional construction hoist for cargoes comprises, combines and utilizes a guide rail frame, a material conveying device, a steel bar conveying device, a concrete conveying device, a bottom guard rail, an under frame, a buffering device, a driving device, and a guide load bearing frame in the prior art, wherein the driving device drives the guide load bearing frame to slide, and the guide load bearing frame is provided with an overload protection device, a safety device and a guide roller. The overload protection device is connected to the guide bearing frame through a shaft pin. According to the multifunctional construction hoist for the cargoes, a rigid fixing mode is changed through the material conveying device, the steel bar conveying device and the concrete conveying device, and one conveying device can be chosen to be rapidly installed on the guide load bearing frame according to requirements. The steel bar conveying device can rotate within a range of 180 degrees, steel bars are placed horizontally, and the length of the steel bars can be adjusted. Compared with a fact that an existing hoist steel bar frame is additionally installed on a cage side face, the length is not changed, and steel bars are loaded and discharged in a vertical state, the multifunctional construction hoist for the cargoes reduces load of the driving device, saves energy, and reduces noise pollution. Conveying of the steel bars is convenient, and conveying efficiency and safety of a hoist are greatly improved.