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8 AUG 2018
The latest BCIS review of construction resource costs shows that costs have generally risen between 1.5% to 3.5% over the last 12 months, however the picture is not the same across all trades.
The costs of woodwork, plumbing and mechanical and electrical installations have risen by an average of 6% in the same period. This underlines the importance of using the most up-to-date datasets to ensure that your estimates are accurate.
The BCIS resource datasets have been completely revised and updated for 2019 to include all recent changes to wage rates, plant and materials prices, revisions to adjustment factors and a range of new items. Pricing information is based on 2nd quarter 2018. They are published in the following data sets:
The BCIS major works estimating dataset focuses predominantly on large 'new build' projects with a value around £3.5 million, reflecting the economies of scale found in these types of scheme. The BCIS minor works estimating dataset focuses on small to medium sized 'new build' projects, around £1 million in value, reflecting the increase in costs brought about by reduced output, lower discounts, and increased carriage and supervision.
Several items have been added to both datasets, including:
The Alterations & refurbishment dataset focuses on small to medium sized projects, generally within an existing building, and reflects the increase in costs associated with more difficult access and the possibility of working in occupied premises.
New additions to the 2019 dataset include:
The online version of the 2019 datasets (Schedule of rates online) is easily accessible via computer, netbook or tablet. It allows subscribers to create, save and reuse abstracts for an estimate or schedule of rates and has the option of adjusting rates for location and base date, as well as providing rate breakdowns.
To request a demonstration, or subscribe to the online versions, contact the BCIS team.