4 Benefits of Local Market Cost Data to Create Estimates
#1 DEFENSIBLE – Unlike the “industry leader”, 4BT does not create a national average cost database or use “city averages” or “location factors”. We learned a long time ago, as have others, that this type of data typically does not represent current local market conditions. In fact, cost discrepancies of 30%-40%+ are the norm.
4BT only creates and updates cost databased that are researched per location. We also update our databased quarterly.
#2 DYNAMIC – We listen to the needs of our clients and constantly add new line-items.
#3 EASY TO USE – All line-item cost data is organized using expanded CSI MasterFormat. This enables simplified data management and the ability to update estimates with various other databases as needed.
#4 SUPERIOR TECHNOLOGY – We exclusively provide enterprise collaborative software to take full advantage of our construction cost data. Our platform can manage multiple Programs, Contracts, Proposals, Estimates, Work Orders, Documents, Forms, Contractors/Subconstractors, Teams, Buildings, Graphics, Issues/Tasks, and even leverage BIM information.
