JOC Unit Price Book Updates

JOC unit price book updates should be done annually, at a minimum.

The updates should include research and associated appropriate granular changes for all labor items (trades), as well as material and equipment updates for the specific local market.

Using a economic index, or an “adjustment factor” applied to the UPB at the end of each year is NOT RECOMMENDED. The use of factors as a means to update a UPB does provide sufficient cost visibility.

JOC Unit Price Book Updates

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