Actionable construction cost data is required to assure financial visibility and transparency and to create a detailed, well-communicated scope of work.
The use of “national average” cost databases and “location factors” or “cost indexes” does not provide sufficient information to create reliable construction cost estimates.
Locally researched detailed unit price books, when used by an experienced construction cost estimator, are the only tool available to create reliable construction cost estimates for owners and their design/builders.
Actionable cost data is critical for successful …
- Forecasting cost of future projects
- Cost comparisons
- Establishing unit rates for tasks / work orders
- Monitoring and controlling of construction cost
- Design cost planning
- Compliance and Risk Mitigation
via www.4bt.us – Unlike other cost databases available, 4BT construction cost data includes locally researched labor, material, and equipment costs not national averages. 4BT construction cost data is created and maintained by an professional team with decades of cost engineering, project management, and capital planning experience, including working for organizations such as the R.S. Means Company, LLC, and VFA, Inc. A team that saw the need for more representative detailed line unit price construction cost data.
4BT OpenCOST Cost Data is available via the Cloud and comes with the 4BT-CE Cloud Cost Estimating Module.
