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The Construction Cost Index has been issued since 1908, while the Building Cost Index has been issued since 1915. Each index is widely used throughout the U.S. construction industry as a benchmark for measuring inflation. The ENR cost indexes were created in 1921 and overseen for many years by ENR's director of market surveys, Elsie Eaves.
The COVID-19 pandemic caused a 39.6% spike in overall input construction costs since February 2020, according to an Associated Builders and Contractors analysis of BLS PPI data.
The BCIS "Standard Form of Cost Analysis" (SFCA) remained an industry staple, largely unchanged, until the late 2000s. In 2012 the "New Rules of Measurement" for cost management throughout the construction process were accompanied by a modernised version of the SFCA. [1] In 2022, the BCIS was spun out of RICS. [2]
A Allocation of costs is the transfer of costs from one cost item to one or more other cost items. Allowance - a value in an estimate to cover the cost of known but not yet fully defined work. As-sold estimate - the estimate which matches the agreed items and price for the project scope. B Basis of estimate (BOE) - a document which describes the scope basis, pricing basis, methods ...
Construction cost estimating software is computer software designed for contractors to estimate construction costs for a specific project. A cost estimator will typically use estimating software to estimate their bid price for a project, which will ultimately become part of a resulting construction contract.
Construction Data Company, is a publisher of business information which caters to the commercial construction industry. They are also known as CDC News and CDC Publishing , and are the third largest provider of commercial SaaS construction reports in the United States , next to Dodge Report and Reed Construction Data .
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