MOST Construction Cost Data is Useless due to archaic research methods and cannot provide cost visibility or enable cost managment capability for local markets.
Robust Construction Cost Data Research
1. Comprehensive, granular, line item tasks including a description, and individual data components for labor, material, equipment, and productivity (crews).
2. Specific local market research with zero use of location factoring (city cost indexing) or economic factoring (economic indexes)
3. Organization using expaned CSI Masterformat.
4. No inclusion of builder/contractor overhead or profit.
5. Timely updates – Data must be update quaterly at minimum.
There is only one source of objective, verifiable, and current line item construction cost data that is update both locally researched and updated quaterly, Four BT, LLC (4BT).
4BT updates 1.2+ MILLION data points to exclusively create objective, verifiable, and robust detailed line item construction cost databases for local markets.
Improving facilities lifecycle total cost of ownership asset managment one client at a time.