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] Find out more
[edit] Related articles on Designing Buildings Wiki.
- BCIS.
- BCIS elements.
- Bills of quantities.
- 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
National and regional transport
Getting post-pandemic infrastructure on the right track.
One of England's grandest country houses.
Designing Buildings Wiki Newsletter survey
Take just two minutes to provide your feedback.
A review of foundation earthing
An update of standards and regulations is under consideration.
Exploring the key to the adoption of this abundant energy source.
Discussing facilities management with Kevin Borg
His clients have ranged from Liberace to St Nick to world-class athletes.
These tactical structures can be permanent or temporary.
ECA supports Value Toolkit pilot
Organisation recognises milestones of the project's next phase.
Welding and metalworking businesses must manage respiratory risks.
New report explores how regulations are being put into action.
The golden thread and BS 8644-1.
Bitumen binder may delay road surface deterioration.
A varied portfolio of internationally recognised buildings.