Trending...
- Malcolm Hill: The Laughter, Legacy and Determination Behind a Philly Comedy Mainstay
- A New Era Of Social Networking Is Here !
- Coach Bulinda Wright Advances To Top Five In National 'Top Host 2026 Competition'
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
- The King Returns: Satirical December 2026 Rematch Sees Challenger Delayed by a Christmas Light Installation
- Veteran Antiques Expert John Swahn Releases New Book: The Truth About Antiques
- Steven Weisz of Art Imagined Photography to exhibit at ExpoMetro Florence, Italy
- Hope Survives Managing Director Jasmine Balignasay-Chavez Receives 2026 Catalyst Award
- LCH2 Awarded Additional $1 Million to Advance Lewis County Clean Energy Campus
"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
0 Comments
Latest on The PennZone
- New Bethany, Provident Bank, Jaindl Farms and Lehigh Valley IronPigs Unite for Turkey Drive
- Grace Montessori School Awarded $56,180 to Support Scholarships for 15 Students
- Win a $5,000 VIP Family Experience at the 100th Thanksgiving Day Parade in New York City
- CB Stuffer Announces Private Sale to Secure Future of Brand Growth
- Brother Marcus Celebrates 400th Episode of The Elements of Inspiration Podcast
- USA Dental Edge Unveils Dental Intelligence
- The Fifth Annual "Bamboo Lantern Festival" to Illuminate Tokyo Mizumachi and Sumida River Walk®
- Iglesia.com Positioned in Multimillion-Dollar Domain Market with $10 Million Asking Price
- Searching for the Next LBE Creator: CalArts Launches First-Ever D.R.E.A.M.S. Pitch Competition
- TCA VG: 2025 Funding Climbs to $9M across 43 Companies; Cumulative Returns Reach 5.3 MOIC & 22% IRR
- An AI Plays Kenshi Entirely by Itself, Live 23 Hours a Day, With an AI Host and Chat Voting
- Integris Composites Joins International Sea Power Conference Aboard HMS Prince of Wales
- Commercial Sales Launch Following FDA Approval; National Sales Force Now in Action as January Shipments and Major Market Opportunity Take Shape
- ViewDNS.info Launches Monitors, Alerting Teams the Moment Something Changes on Their Domains
- Philadelphia-Area Entrepreneur Nouho M Kanneh Builds $37 Million Net Worth Across Real Estate, E-Commerce and Retail
- Meals on Wheels of the Greater Lehigh Valley Raises Over $50,000 to Help Feed Local Seniors
- Contracting Resources Group Named a 2027 Elev8 GovCon Honoree by OrangeSlices
- Malcolm Hill: The Laughter, Legacy and Determination Behind a Philly Comedy Mainstay
- The World's No.1 Superstar® Brings Christmas Back in Grand Style with Music, Cinematic Glamour, and Luxury Fashion
- New Six-Figure Media Agreement Builds Powerful Momentum, Expanding Government Contracts, FBI Access and Growing AI Recognition: Cyabra (NAS DAQ: CYAB)