Access objective, verifiable, and current local construction cost data for commercial construction, repair, renovation, maintenance, preventative maintenance, and new builds.
Benefits of 4BT’s local construction cost data!
1) Improved Information Flow
2) Information Transparency
3) Enhanced Collaboration & Learning
Beyond National Average Cost Data
Unlike traditional cost databases that rely upon national or regional averaging and use construction cost factors, 4BT detailed line-item construction cost data use LOCAL MARKET labor, material, and equipment costs and productivity based upon commerFcial standards and up to date crew information.
30%-40%+ higher construction cost visibility vs. “market leading” national average cost data
“Market leading” cost data providers release new cost data books and online database updates once per year, typically in the fall, for the upcoming year. However, this update cycle does not account for real-time local market fluctuations, which can lead to inaccuracies, especially in volatile markets.
The result is an overall 30%-40% or greater level of cost visibility, a critical point for any real property owner or design-builder. Furthermore, cost data is updated quarterly and/or as available to provide the most representative information per location per the current environment.
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 information sharing and decision-making processes that facilitate meaningful, inclusive and participation among owners, architects, engineers, and builders.
Sample Estimate:
Local Construction Cost Data – Examples: Atlanta-Seattle-Dallas:
