RS Means adds a wing to its cost database with the launch of 2012 Annual Cost Data Publications

RS Means, a trusted name in construction cost data, has been providing accurate and the latest information for construction professional. RS Means construction cost data is updated annually to avail up-to-date labor, materials and overhead costs for construction estimating projects.

RS Means adds a new update to its cost database by launching 2012 annual cost book series which contain wide-ranging data and cost estimating reference materials to provide protect against fluctuating costs and deliver more accurate estimates.

The latest update include the following features :-

Building Construction Cost Data 2012 Book: The addition of more than 23,000 unit costs of Building Construction Cost Data for building components along with new data featuring sustainable construction costs. This publication is arranged by the latest CSI MasterFormat 2010 system with restructured and developed cost data for estimating, planning and budgeting in 2012.

Assemblies Cost Data 2012: The 27th annual edition of RSMeans Assemblies Cost Data is arranged by the UNIFORMAT II classification system for reliable estimating and reporting. It contains all of the building components necessary to build up precise assembly level cost estimates, validate unit price estimates, and bring up to date reference information and cost-planning guidelines.

Electrical Cost Data 2012: Electrical Cost Data comes up with over 13,000 entirely modernized cost entries in line with the most recent products, materials, and electrical construction methods along with energy-saving light fixtures and devices, photovoltaic, and mass notification systems. The database acts as a resourceful reference to present the latest information accessible to deal with any kind of electrical estimate.

Mechanical Cost Data 2012: Mechanical Cost Data includes materials, equipment, and labor costs to generate consistent cost estimates for the most multifaceted mechanical construction projects as well as executing feasibility studies; getting labor cost data; and analyzing costs.

Plumbing Cost Data 2012: Plumbing cost data empowers customers to evaluate rapidly through specifications and takeoffs; organize estimates associated with plumbing; apply the nation’s leading database of plumbing cost information; and arrange work schedules and estimate duration times.

To know more about the 2012 cost data series, go through RSMeans.com. Look for the 2nd edition of Green Building Cost Data and more new 2012 cost data releases from RSMeans this fall.

Posted by Rajib Dey
Business Development
Global Associates
A pioneer company in construction estimating
Join our estimating forum

INTERNATIONAL CONSTRUCTION COST ESTIMATING INDICES

The construction industry is one of the driving areas in the economy that provides a noteworthy contribution to GDP and a serious effect on the activity in other industries. The construction industries frequently experiencing their cost variations best stand for the inflationary/deflationary changes of a specific sector of Construction Industry.

Indicators of price movement of construction outputs are considered to be a precious tool in economic analysis.

Construction Cost Index signifies the average cost movement over time of a fixed basket of representative goods and services related to Construction Industry.

The contractors have to undertake preconstruction services and procurement strategies to manages the market risks associated with cost-related issues arising from the restrained demand and increasing material cost.

So accurate construction cost forecast along with building costs and price trends is very much required for construction industry and Federal and State governments.

There are several internationally recognized standard cost data indices available in the market which are published by some of the renowned construction companies. The Cost Indices listed are taken from the referenced construction publications and include most recent Construction Cost Index, Building Cost Index, Material Cost Index.

These cost indices are established by several factors considered on a nationwide basis, together with labor rates and productivity, material prices and the competitive condition of the marketplace. These indexes also reflect the modification of computations that resulted in insignificant changes to some of the construction cost indexes. Separate series of index numbers are accumulated to capture the price movements at international and Industry subsection level.

Given below the detailed list of some leading construction companies and their standard cost data indices :-

bls.gov - ect
bls.gov - cpi
Compass International
ENR - current costs
fmlink - Surveys Trends
Reed construction data
Turner Construction
usbr.gov - cost trends

Posted by Rajib Dey
Business Development
Global Associates
A pioneer company in construction estimating
Join our estimating forum