The ability to access current, objective, and granular labor, material, and equipment costs on a local level represents a significant Construction Cost Estimating Improvement.
Benefits
- Superior Cost Visibility
- Improved Cost Management
- Detailed Scope of Work Development
- Fewer Errors and Omissions
Every successful project rests upon a foundation of robust process, skilled teams, reliable tools, and actionable information.
Owners, design-builders and oversight groups no longer have to rely soley on national average cost data, location factoring, contractor quotes, or historical information.
Unlike traditional cost databases that rely upon national or regional averaging and use location factors or area cost factors, 4BT detailed line-item construction cost data uses LOCAL MARKET labor, material, equipment costs and productivity based upon commercial standards and up to date crew information. The net result a 30%-40%+ improvement in cost representation.
Additionaly, 4BT cost data is updated quarterly versus creating “annual cost books”, a common practice among traditional cost data providers. A annual update cycle does not account for “real-time” local market fluctuations, which can lead to inaccuracies, especially in the volatile market situation so prevalent today.
Whether it’s improving processes, getting most out of your construction dollars, ensuring a reasonable profit margin, or simply meeting your fiduciary responsibility, we can help.
Let’s work together to make it happen.
The 4BT OpenCost(TM) construction cost database is available within a supporting cloud technology platform, PDF, or Microsoft Excel (TM) to qualified users.
Physical infrastructure development should be underpinned by transparent planning, procurement, and project delivery, sharing of actionable information, and decision-making processes that facilitate meaningful, inclusive and participation among owners, architects, engineers, and builders.
Sample Estimate:
