A construction budget needs a solid cost reference behind it. Labor, materials, location, facility type, and other project factors can all affect the figures used during estimating. Having the right cost information available gives project teams a basis for developing and checking their numbers.
Compass International publishes construction cost databases and estimating resources for different project types and applications. Its publications provide information that can support cost estimating, budgeting, and project evaluation.
Building Cost Data for Early Project Planning
Cost information can be particularly useful during the earlier stages of a project, when teams are developing preliminary budgets and assessing whether a proposed project is financially practical.
Compass International’s Front End / Conceptual Estimating Database includes capital cost estimating methods, benchmarking data, square foot and square meter prices, labor and material unit prices, location factors, labor rates, and engineering and construction management fees.
For someone looking for a building construction costs book, these types of resources can provide a starting point for understanding the cost information available before selecting a database suited to a particular project.
Construction Costs Across Different Markets
Construction costs can vary between markets, which makes location an important consideration when preparing an estimate.
Compass International’s Global Construction Costs Database provides information for 101 countries. Its contents include labor rates, material costs, construction practices, unit costs, engineering and architectural rates, location factors, transportation costs, exchange rates, and local taxes.
This type of information can help professionals compare construction costs between locations rather than relying on figures from a single market.
Cost Resources for Different Construction Sectors
Construction cost requirements also differ according to the type of facility or work involved.
Compass International maintains separate databases covering several areas of construction, including industrial and commercial construction, infrastructure and public works, high technology and manufacturing facilities, pipelines, mining, offshore work, and repair and maintenance.
Having resources organized around different construction applications gives professionals a way to select cost information that is relevant to the work being evaluated.
Compass International Construction Cost Resources
Compass International has provided construction cost intelligence since 1992. The company currently publishes eight annual construction cost databases covering different estimating applications and construction sectors.
The company states that information used in its publications comes from sources including real world cost data, government information agencies, international development banks, country trade agencies, architects and engineers, E.U. Commission reports, and its own consulting services.
Compass International also states that its databases are updated annually, with updates typically completed by early to mid January and publications released by late January to early February.
Building Construction Cost Resources in Jefferson City
Professionals involved in projects in Jefferson City can use construction cost publications as reference material when preparing budgets, developing estimates, or comparing project costs.
The appropriate resource depends on the type of project and the information required. If you need help determining which Compass International publication fits your requirements, contact the team directly for assistance.