Building Cost Index

The BER Building Cost Index (BCI) is a measure of the percentage change in average building costs in South Africa. It is based on an analysis of the tariffs (rates) in accepted tenders supplied by quantity surveyors (QS). Click here for more information on how the BER Building Cost Index is compiled.

Subscribers to the BER BCI information service will receive quarterly reports which contain:

• The historical BER BCI, along with a 5-year forecast (pre-tender escalation).
• A 5-year forecast of the Contract Price Adjustment Index (Haylett index) for workgroups 180 and 181 (post-tender escalation).
• The rates of the 22 representative items on which the BER BCI is based.

Such estimates of future cost escalation can contribute a great deal to the reduction of uncertainties surrounding the evaluation of building contracts extending over periods of more than one year.

The BER Building Cost Index is widely accepted by the quantity surveying profession. However, not only members of the quantity surveying profession find the building cost data useful, but also building contractors, lawyers and arbitrators, property valuers, insurance brokers and insurance companies and, of late, asset management companies.

The cost of an annual subscription is R5 064.00* (incl. VAT) - Click here to subscribe (download sample)

*Members of the Association of South African Quantity Surveyors (ASAQS) are entitled to a 20% discount provided they subscribe through the ASAQS membership portal.