Construction price and cost indices
Contents |
[edit] Introduction
The Department for Business, Innovation and Skills publish quarterly construction price and cost indices which are used for estimating, cost checking and fee negotiations on public sector construction projects.
The collection of data and calculation of indices is currently (2015) let to AECOM and there is also a requirement to develop and improve the indices methodology.
The construction price and cost indices comprise of the following indices:
[edit] Consultation
In July 2014, the government undertook consultation on a proposed new methodology for calculating construction price and cost indices. The new methodology is anticipated to provide indices which more accurately reflect the price of construction work. The original publication date of December 2014 has been pushed back and a revised date will be released.
[edit] Availability
The Office of National Statistics publish implied output price indicators on a quarterly basis.
NB: In a letter from Ed Humpherson, Director General for Regulation at the UK Statistics Authority, to John Pullinger, National Statistician, on 11 December 2014, it was made clear that UK statistics for Construction Output and New Orders can no longer be designated as National Statistics. See Construction statistics no longer designated as National Statistics for more information.
[edit] BCIS
Private sector organisations such as the Building Cost Information Service (BCIS) also provide cost and price information to the construction industry to help estimate the likely cost of construction works.
See BCIS for more information.
[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.
[edit] External references
Featured articles and news
A change to adoptive architecture.
A must read for all built environment professionals.
A sun, tide, mass or scratch dial.
A brief description of time in the sun.
ICE Trustee Board update June 2022
Given by ICE President Ed McCann.
Artificial intelligence and project management
Two new research reports published by APM.
Association for Project Management membership offer
50% off APM Associate membership for Designing Buildings users.
Building safety, a shifting landscape for professionals
A commentary from the insurance perspective.
In brief with further links.
Walter Segal: self-built architect
A definitive book on a pioneer of green architecture.
Funding for heritage on the high street
Using heritage as a catalyst for reviving historic centres.
Commonwealth Heads of Government Meeting update.
Declaration prioritising sustainable urbanisation adopted.
A small hidden, often distant but key building component.
Some brief words about the actuator.
CIAT Chief Executive steps down.
After 34 years at the Institute.
Volunteer opportunity launched by the ICE
To support the next generation of engineers.
Provisional findings show illegal cartels in the industry.
CIAT reporting from the Competition and Markets Authority.
Making sustainable construction number one priority.
The future of construction report.
Interview with ECA CEO.
Many provisions came into force on June 28, 2022.
With room to expand.
An information packed session at the BSRIA conference.
Refurbishment, Energy Efficiency, Indoor air and process.
Create a profile, write informed product articles and share.
Aluminium Composite Panels (ACP) is one example.
We are indeed now 10 years old, so go on and be bold !
Write about something you know, help us build and grow !