Locally researched construction cost data is critical, especially detailed line item unit price cost information, for the following reasons:
- Financial Transparency – Only locally researched detailed line time unit price books (UPB) can deliver the actionable cost information required for public sector agencies to meet their fiduciary responsibility to taxpayers. Locally researched UPBs use prevailing labor rates and material and equipment costs from local and regional suppliers as appropriate. Line items for construction tasks specific to an organization can also be researched and used. No other source provides locally researched detailed line item construction cost data using the 4BT OpenJOC(TM) approach and 5% rule.
- Clear Scope of Work – Detailed line time cost data delivers the requisite granularity to assure that ALL parties involved understand what is being repaired, renovation, or built and how… including owners, builders, A/Es, procurement, facilities management, and oversight groups.
- Best Value – Locally researched detailed UPBs, when combined with robust LEAN construction delivery methods and tools, such as the 4BT OpenJOC Solution, measurably improve quality, productivity, and overall satisfaction for all participants and stakeholders.
