Construction price and cost indices
Indices that measure changes in costs or prices include:
- Retail prices index (RPI)
- Consumer prices index (CPI).
- Tender price indices (TPI).
- Resource cost indices (RCI).
- Output cost indices.
The Department for Business, Energy & Industrial Strategy publish construction price and cost indices which are used for estimating, cost checking and fee negotiations on public sector construction projects.
The Office of National Statistics also publish implied output price indicators.
Private sector organisations such as the Building Cost Information Service (BCIS) publish cost and price information to the construction industry to help estimate the likely cost of construction works.
[edit] Related articles on Designing Buildings
- BCIS.
- BCIS elements.
- Bills of quantities.
- Building volume or area method.
- Construction statistics no longer designated as National Statistics.
- Contract sum.
- Contract sum analysis.
- Construction costs.
- Cost.
- Cost consultant.
- Cost control.
- Initial cost appraisals.
- New Rules of Measurement.
- Pre-tender estimate.
- Price.
- Spon's Price Book.
- Tender pricing document.
- Whole-life costs.
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