Our packages provide a range of pricing datasets including small and large projects and alterations and refurbishment
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LoginPublished: 23/10/2024
Construction rates in the BCIS Major Works, Minor Works and Alterations & Refurbishment estimating datasets increased by 3.3% in the second quarter of 2024, compared with the same period last year.
The increase is an average of all rates across all trades covered in the datasets. However, while materials cost inflation has calmed considerably in the past year, there remain significant differences in overall price changes between trades.
Karl Horton, Chief Data Officer at BCIS, said: ‘Although soaring material costs and supply chain issues are generally behind us, price movement is of course not uniform across the board.
‘Our data also covers rising labour costs, incorporating the latest wage awards from key industry bodies like the Construction Industry Joint Council and the Building and Allied Trades Joint Industrial Council, that will influence overall pay in 2025.’
The datasets have undergone a thorough review and update, with new rates and resources added.
Horton said: ‘Our cost data is constantly evolving to reflect modern building methods and the use of more sustainable materials. This allows construction professionals to explore innovative, eco-friendly solutions.’
BCIS databases are created on a national average ‘best trade price’ basis and estimates can be rebased to suit project location, date and contract value. Custom percentages can also be applied for preliminaries, overheads and profit levels.
The Alterations & Refurbishment dataset is intended for use on projects consisting entirely or substantially of alterations and improvements to existing buildings from simply taking out a door and blocking up the opening, to projects up to £300,000 in value. It is available to subscribers of BCIS OpX.
In the Major Works dataset, the prices are based on a building of two or three storeys of the Administrative or Recreational type, such as offices, libraries, community centres and sports halls, architect-designed and supervised with a tender price of up to approximately £4 million, providing reasonable quantities of work in all trades.
In the Minor Works dataset, the prices are based on a contract of extensions and alterations to an existing building, two or three storeys high, with a tender price of about £1,250,000, requiring relatively small quantities of materials and labour.
The Major Works and Minor Works datasets are available to subscribers of BCIS CapX.
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Our packages provide a range of pricing datasets including small and large projects and alterations and refurbishment