Centralized Timely Construction Cost Data is a “single source of truth” that is mandatory for improving cost visibility and management for any repair, renovation, maintenance, or new build project.
Having a verifiable and granular source of labor, material, equipment, and productivity data greatly improves timely and cost effective decision-making.
4BT is the only source of over 90,000 line items of construction task data organized using expanded CSI Masterformat and updated quarterly without the use of location factors or economic indexes, as well as a full database of preventive maintenance tasks, checklists, tasks and associated costs organized using expanded UNIFORMAT.
Combining a single source of truth with a robust and integrated Planning, Procurement, and Project Delivery Framework can reduced costs by 30%-40% as well as reduce risk for design builders.
Sustainable management of the built environment, buildings, utilities, transportation, site, whether public- and private-sector begins with a single source of truth, and great teams of owners and design-builders across disparate domains.
Why 4BT’s Data Structure Excels
- Eliminates Guesswork: Removes reliance on error prone location and economic adjustment factors.
- Supports LEAN and Value Managemet Principles: Enables waste reduction, value generation, and continuous improvement by providing verifiable and actionable data.
- Adaptable to Market Realities: Ensures projects are not derailed by unexpected cost changes.
Objective, verifiable, and locally researched detailed line-item construction tasks, replete with labor, material, equipment and productivity information, provide the highest level of cost visibility and cost management capability. 4BT exclusively offers this information for any location, with all line-items organized using expanded CSI MasterFormat, enabling clear communication, collaboration, and alignment with all technical domains and participants throughout the planning, procurement, and project delivery lifecycle.
Other, less stringent forms of cost estimating include the following:
- national average line-item cost data (with or without adjustment or localization factors),
- system level cost data,
- assembly level cost data,
- building level,
- and/or other forms of parametric cost data,
- historical cost data and economic factoring,
- contractor, subcontractor quotes.