Global Construction Price Indices

You need to know the construction prices in a specific region?

Why Would You Need to Know Region Specific Construction Prices?

When preparing a construction project proposal, it is crucial to have a clear understanding of region-specific construction prices. Knowing the construction prices in a specific region allows you to accurately estimate the cost of materials, labor, and other expenses involved in your project. This information is essential for creating a realistic and competitive proposal that aligns with the budgetary constraints of the region. By understanding the construction prices in a particular area, you can make informed decisions about sourcing materials and hiring contractors, ensuring that your project remains cost-effective and successful. With our convenient online construction price calculator, you can easily access the construction price index for any region you are interested in. Simply select your familiar source region and the target region where you require pricing information, and our system will provide you with a comprehensive price index. By utilizing this index, you can confidently calculate your construction prices and make accurate projections for your project proposal. 

Integrate with Your Fully Loaded Cost Rate

Knowing your Fully Loaded Cost (FLC) rate for each resource is critical for preparing a winning proposal. The FLC rate is the total cost incurred for a resource, including direct labor, fringe benefits, overhead, and profit. By knowing the FLC rates for each resource, you can accurately estimate the cost of your construction project, ensuring that your proposal aligns with the budgetary constraints of the region. This knowledge allows you to make informed decisions about sourcing materials and hiring contractors, maximizing cost-effectiveness and project success. When combined with our construction cost index calculator, knowing your FLC rates enables you to prepare more high-quality bids that ensure profitability. The calculator provides a comprehensive price index based on your familiar source region and the target region where you require pricing information. By utilizing this index and multiplying your construction prices accordingly, you can confidently calculate your costs and make accurate projections for your project proposal. 

Just fill the form and we will provide you with the construction price index in relation to a region you know.

How It Works.

Select a source region. This is the region (country, state or city) where you are familiar with the construction prices.

Select a target region. This is the region where you need to know the construction prices.

The system then provides you with a price index relative to your source region. Just multiply your construction prices with this index divided by 100. E.g. if the index provided is "107" then you have to multiply with "1.07".

Price data provided by Griffiths.