FM Cost Visibility
Cost visibility is required before effective cost management can begin.
It’s a simple, yet largely overlooked, fact.
Whether managing facilities repair, renovation, maintenance, preventive maintenance, or new construction, effective cost visibility requires:
-
Verifiable, standardized, current, granular, locally researched cost data
-
Experienced professional line-item estimators
-
Robust processes integrating Planning, Procurement, and Project Delivery Teams
-
Capable and accountable leadership
Four BT, LLC (4BT) provides current, locally researched market data and the SaaS technology to put it to work.
You no longer need to rely solely on national “market average” cost data, location factors, historical costs, or unverified contractor bids to establish what work should cost.
Better cost visibility enables greater accountability, transparency, and better decision-making at every level.
4BT Benchmark Construction Cost Estimator™ provides access to current, local-market, granular construction cost data for repair, renovation, maintenance, preventive maintenance, and new construction—including labor, material, equipment, and productivity information.
With more than 90,000 line items, updated quarterly, the data is organized using expanded CSI MasterFormat and/or expanded UniFormat, depending on the application.
Know what the work should cost—before you negotiate what someone says it will cost.
Reach out to learn more about improving cost visibility, accountability, and decision-making across your facilities program.