Why Select the 4BT Unit Price Book?
- A quality Unit Price Book that is not static and is continuously maintained and updated.
- 4BT Unit Price Book not a list of prices, is a database of construction knowledge and associated cost and productivity information, with every line item containing assumptions. It embodies decades of construction knowledge, commercial repair, renovation, maintenance, and construction productivity research, into a single line item.
- Our unit price book exclusively contains LOCALLY RESEARCH COST DATA (all individual labor trades and burdens such as FICA, workers compenstation insurance, etc., materials, and equipment are specific to the location). There is no use of national average cost data and associate location factors. The use of location factors is an outdated practice that introduces significant costing areas.
- Quarterly cost updates per location.
- Local, regional, national material costs as appropriate
- Local equipment rental and operational costs
Benefits
- Cost vs. price (Contractor/subcontractor profit and overhead in not included)
- Ability to validate contractor and subcontractor bids
- Improved owner/builder relationships
- Faster procurement cycles
- Better defined, well communicates Scope of Work
- Faster estimate creation
- Transparency — everyone sees the same task
- Consistency — projects priced using the same methodology
- Auditability — every dollar can be traced
- Speed — pricing discussions start from a common foundation
- Trust — owner and contractor speak the same pricing language
- Standardized – organized using expanded CSI Masterformat (combined UNIFORMAT/Masterformat for assemblies or preventive maintenance tasks)
The formula:
Construction Labor rates and productivity for task associated Crew (per current commercial standards) + Materials + Equipment = Cost per unit of measure for a single line-item Construction Task.
The components associated with a line-item task:
- Labor — crew makeup, burden, productivity
- Materials — primary materials, consumables, waste factors
- Equipment — small tools, rental assumptions, production equipment
- Productivity — the assumptions associated with the line item task (e.g. Normal Access, Normal working hours. Typical site conditions)
Research Methodology
- Location specfic data for each of 130+ trades
- National, Regional, or Local material pricing based upon availability
- Equipment and operational costs.
- Technical analysis
- Review of means and methods
- Productivity modeling and crew selection
- Quality control: technical reviews, validation, industry expertise
- Ongoing updates reflect: Market changes, Product changes. Labor changes, Technology changes
via Four BT, LLC – Construction Cost Data Intelligence and Efficient Project Delivery Solutions www.4bt.us