Deal will provide construction industry with latest information on project costs
Cost and pricing information expert, BCIS - part of the Royal Institution of Chartered Surveyors (RICS) - is teaming up with industry analysts, Barbour ABI, to provide the construction industry with the latest information on construction costs.
As a leading provider of construction intelligence services, offering relevant insight and analysis of trends and developments within the industry; Barbour ABI has been tasked with requesting project data on behalf of BCIS. The resultant cost information will be used anonymously to feed into the BCIS Online service and will feature in the BCIS Benchmark Reports, which allow data suppliers to gain insight when comparing their project costs with similar schemes from the BCIS database.
Adam Valentine, group content director at Barbour ABI, said: “As a business we have a long-standing history with the construction sector and are very well positioned to work with BCIS to further help develop their insightful cost and pricing findings. We are looking forward to a long and prosperous relationship with BCIS, which in turn will have a significant effect in helping the sector forecast future project costs.”
Marianne Chowdhury, head of data collection at BCIS, added: “We are looking forward to working with Barbour ABI on data collection to maintain the up-to-date, relevant and accurate building cost data available to BCIS subscribers.
“This is going to have a positive effect on the industry and our subscribers by increasing the sample sizes which underpin the service we provide. We are sure this will be a mutually beneficial relationship for all concerned.”