Trending...
- CredHub and ManageAmerica Partner to Empower Residents Through Seamless Rent Reporting Integration
- The ITeam Ranked on Channel Partners 2025 MSP 501—Tech Industry's Most Prestigious List of Managed Service Providers Worldwide
- K2 Integrity's U.S. and EMEA Teams Recognized in Chambers and Partners 2025 Guides
VISTA, Calif. - ColoradoDesk -- BNi Building News announced today a completely updated cost database covering over 20,000 items, addressing volatile market conditions in the construction industry. The 2023 General Construction Costbook and seven other 2023 BNi Costbooks reflect new pricing, along with Simpl•EST®, DCD's cost modeling database at www.dcd.com.
"All data has been carefully researched by our team of professionals," says Bill Mahoney, CEO of BNi Building News, a Design Cost Data Company. "The eight new 2023 BNi Unit and five Square Foot Costbooks, Simpl•EST® — DCD's online cost estimating app – are invaluable when preparing detailed estimates, bids, "what if" estimates, or calculating the impact of change orders."
With the inflation rate at its largest 12-month increase since December 1981 and the Federal Reserve announcing a three-quarters interest rate hike, contractors and owners are faced with unprecedented challenges. Estimates and budgets are being revised on a regular basis to avoid cost overruns caused by a continuing increase in the cost of both materials and labor. Failure to do this could spell disaster, with lower profit margins, cash flow shortfalls, and problematic bids.
More on Colorado Desk
"Material price increase is in the 25 to 30% range, with some wild surges both upward and now downward," says Mahoney. "Some items are stable and some wildly up; it's really time to watch prices. For example, lumber is down currently from steep increases last year, but it can start its climb back up at any moment. Worldwide, steel is cheap, but transportation bottlenecks are making delivery impossible, and only U.S.-produced steel is available at a much higher price."
The new 2023 Costbooks are available at www.bnibooks.com. Simpl•EST® is available with a subscription at www.dcd.com.
Published since 1958, DCD is the leading source for actual construction cost data. Published bi-monthly, each edition includes completed buildings submitted by architects and contractors for cost modeling. Once published in DCD, all projects reside in Simpl•EST®. Simpl•EST® holds over 2,000 actual projects, cost escalators through 2025 and over 600 regional modifiers.
For more information visit www.dcd.com.
"All data has been carefully researched by our team of professionals," says Bill Mahoney, CEO of BNi Building News, a Design Cost Data Company. "The eight new 2023 BNi Unit and five Square Foot Costbooks, Simpl•EST® — DCD's online cost estimating app – are invaluable when preparing detailed estimates, bids, "what if" estimates, or calculating the impact of change orders."
With the inflation rate at its largest 12-month increase since December 1981 and the Federal Reserve announcing a three-quarters interest rate hike, contractors and owners are faced with unprecedented challenges. Estimates and budgets are being revised on a regular basis to avoid cost overruns caused by a continuing increase in the cost of both materials and labor. Failure to do this could spell disaster, with lower profit margins, cash flow shortfalls, and problematic bids.
More on Colorado Desk
- Denver Divorce Attorney Launches Guide to Navigating the 5 Stages of Grief in Divorce
- AI vs. Human: Why Business Planning Still Needs an MBA
- AI-Based Neurotoxin Countermeasure Initiative Launched to Address Emerging National Security Needs: Renovaro, Inc. (N A S D A Q: RENB)
- The Naturist World Just Shifted — NaturismRE Ignites a Global Resurgence
- San Antonio Board of REALTORS® Among First to Use Passkey Login with Solid Earth's SSO Dashboard
"Material price increase is in the 25 to 30% range, with some wild surges both upward and now downward," says Mahoney. "Some items are stable and some wildly up; it's really time to watch prices. For example, lumber is down currently from steep increases last year, but it can start its climb back up at any moment. Worldwide, steel is cheap, but transportation bottlenecks are making delivery impossible, and only U.S.-produced steel is available at a much higher price."
The new 2023 Costbooks are available at www.bnibooks.com. Simpl•EST® is available with a subscription at www.dcd.com.
Published since 1958, DCD is the leading source for actual construction cost data. Published bi-monthly, each edition includes completed buildings submitted by architects and contractors for cost modeling. Once published in DCD, all projects reside in Simpl•EST®. Simpl•EST® holds over 2,000 actual projects, cost escalators through 2025 and over 600 regional modifiers.
For more information visit www.dcd.com.
Source: Design Cost Data
Filed Under: Services, Construction
0 Comments
Latest on Colorado Desk
- Spartan & Guardians Partner with Guitar Legend Buckethead to Support Global Child Rescue Efforts
- Preliminary.online Introduces Short-Term Job-Readiness Courses with Employer-Verified Certifications
- Psychologist-Turned-Hermeticist Releases Modern Guide to the Seven Hermetic Principles
- Winners Announced for Asia Pacific Business Awards 2024-2025
- Hamvay-Lang and Lampone.hu Join Forces with AIMarketingugynokseg.hu to Elevate Hungarian Lifestyle Brands on the Global Stage
- Google AI Quietly Corrects the Record on Republic of Aquitaine's Legal Sovereignty
- NYC Leadership Strategist Stacie Selise Launches Groundbreaking 4S Framework Series to Redefine Executive Excellence
- Colorado: Governor Polis Appoints Rory N. Devlin to the Elbert County Court in the 23rd Judicial District
- Governor Polis, Office of Economic Development and International Trade Celebrate Sale of EVRAZ North America including Rocky Mountain Steel in Pueblo, Welcomes Atlas Holdings to Colorado
- Colorado: Delivering Passenger Rail: Governor Polis Celebrates Major Step Towards Delivering Northern Front Range Passenger Rail
- Make Innovation Matter: Support H.R.1's R&D Expensing Relief for American Small Businesses
- Colorado Springs: Mayor certifies 2025 Special Election results
- Technologist Jay Harris Delivers Keynote for DenverDevDay
- Agreement to Supply US-Based Defense Provider with Thin-Film Solar Tech for Orbital Application; Ascent Solar Technologies, Inc. (N A S D A Q: ASTI)
- Jones Law Firm, PC Refreshes Denver Child Support Services Page to Better Serve Colorado Families
- Colorado: Governor Polis: U.S. Supreme Court Makes it More Difficult to Protect Constitutional Rights, Creates Chaos
- Colorado: Governor Polis, Hospital Leaders, Health Care Advocates: Devastating Cuts Should Be Removed From Federal Budget Bill
- Byrd Davis Alden & Henrichson Launches Independence Day Safe Ride Initiative with 500 Free Uber Credits
- Stonebridge and Stout NYC Hospitality Group Introduce New Era for The MC Hotel, Autograph Collection in Montclair, NJ
- databahn Launches GenAI Sales Intelligence Platform to Revolutionize Fortune 500 and Global 2000 Account Research