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.
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 BER offers two subscription options:
Subscribers get a quarterly report which contains:
- The historical BER BCI, along with a 5-year forecast (pre-tender escalation) - also in excel
- A 5-year forecast of the Contract Price Adjustment Index (Haylett index) for workgroups 180 and 181 (post-tender escalation) – also in excel
- The rates of the 27 representative items on which the BER BCI is based
Cost of annual subscription: R6 570.00* (incl. VAT)
* Members of the Association of South African Quantity Surveyors (ASAQS) are entitled to a 20% discount provided they subscribe through the ASAQS membership portal
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In addition to that included in the Standard BER BCIS, premium subscribers also get:
- The historical residential and non-residential BCI – in excel
- The history and forecast for the components of the derived Haylett index namely, the consumer price index, building material inflation and plant and machinery equipment – in excel
- Access to the BER's project BCI calculator (click here to view a video), a tool that will enable users to gauge their own project BCI by selecting weights appropriate to that project#
Cost of annual subscription: R8 295.00* (incl. VAT)
#The BER does not endorse any calculation generated by the project calculator. The BER BCI remains the official measure of output inflation in the building construction sector
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