Trending...
- New plusOne Research Finds the Orgasm Gap Is a 30-Point Chasm — and Confirms It Isn't Biology
- Axencis Launches Performance Partnership for Brand Protection
- Burkentine Builders Break Ground for Valley West Community
VISTA, Calif. - PennZone -- 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 The PennZone
"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 The PennZone
- Calvetta Phair Founder & CEO Earns AOPA Foundation Flight Training Scholarship, Inspiring a New Generation of STEM Dreamers in Underserved Communities
- MTV EMA Nominee and WOA Founder Oliver Sean Conferred Doctor of Musical Arts (DMA) Degree
- Ryan Murphy Joins Personal Injury Law Firm Feldman Shepherd
- Karen D. Gentry Announces New Book Focused on Relationships and Personal Growth
- AWARENESS TO WELLNESS: Imhotep Institute Charter High School
"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: Construction
0 Comments
Latest on The PennZone
- Food Journal Magazine Unveils Its Latest 'Best of Los Angeles' Culinary Discoveries
- Boston Industrial Solutions Launches Natron® 717S Series: A New Flexible UV LED Ink for Ricoh GH2220 Printheads
- 5 Things NYC Courier Services Won't Tell You About How Same-Day Delivery Actually Works
- Tropidelic Links Up With International Reggae Star Collie Buddz and Eli Mac for Feel-Good Breakthrough Single "Follow Your Nature"
- Save 15 Percent on Florida Keys Accommodations with KeysCaribbean's 'Advance Purchase Rate Discount'
- Atelier 411 Studios and Columbus Fashion Council Present Red Carpet Experience at Gateway Film Center for The Devil Wears Prada 2
- Inclusive Prom "Garden of Glamour" to Celebrate 150+ Special Needs Guests in Bucks County
- Hazel E Celebrates Birthday with Luxury "Goddess" Yacht Experience in Marina del Rey
- Joseph Neibich sits down with Bold Jounrey (aka Joseph Nybyk)
- AI Suite 360 Launches Done-For-You AI Implementation to Rescue SMBs from the "Frankenstein Tax"
- CX Network Releases Report on the Best AI Support Tools for SaaS Companies 2026
- Outlier Pest Season Hits Willamette Valley as Mild Winter Drives Early Surge in Ant and Rodent Activity
- New Bethany Inc. Names Seven New Board Members
- Lokal Media House Wins Web Excellence Award for Black Plumbing Redesign
- Who Is Dr. Deshawnda Williams?
- Lick Expands Flavored Massage Oil Collection with 10 New Indulgent Cream-Inspired Scents
- 2026 Version of 6-in-1 Estate and Trust Administration Software Released by The Lackner Group
- Colleen Hanson Recognized for Fourth Consecutive Year by Pennsylvania Business Central
- New Research Identifies "Vacation Compatibility Gap" as the Hidden Force Shrinking How Long and With Whom Americans Travel
- Melospeech Inc. Awarded New NYSDOH BEI Contract in New York
