Thursday, Oct. 30, 2008

 

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Moss Construction Cost Management, Inc.

 

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Bethesda, MD 20814

240-252-5352

 

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MossCost Index

 
 

Welcome to the MossCost Quarterly Cost Update for the Third Quarter of 2008!

 
 

Our cost indices have been updated to reflect construction cost activity in the previous quarter.

MossCost routinely tracks changes in various materials, labor and fuel cost markets and monitors the effect on a number of construction  models.  Now, as a service to our clients, this exclusive information is available here and on the www.mosscost.com website.

Historic cost data is no guarantee of future trends and no construction project is identical.  We advise users to seek expert advice when budgeting escalation allowances and market predictions for a specific project.

Cost vs. Price ... The indices are COST based and not PRICE based.  The indices take no account of fluctuations related to changes in fee and profit included in bid prices resulting from demand characteristics of the construction market.

The Cost Models ... Cost data is presented in two formats:  the MossCost Size Index and the MossCost Frame Index.  Each is a composite of various building models and takes into account principle materials, labor and fuel cost components.  Indices are normalized to the national average.

 

Size Index ... This index tracks changes in construction costs for small, mid and large construction projects, based upon gross area.

 
   
 
Size (Area) quarter current index quarter change 12-month change
<25,000 GSF 3Q08 130.47 1.16% 6.02%
25 - 200 KGSF 3Q08 134.21 1.60% 6.64%
>200,000 GSF 3Q08 138.39 1.45% 8.44%
Average 3Q08 134.35 1.40% 7.04%

 

 
 

 
 

 

Frame Index ... This index tracks changes in construction cost for concrete, steel and composite framed construction projects, based upon primary framing material.

 
     
 
Frame quarter current index quarter change 12-month change
Concrete 3Q08 133.07 1.75% 7.06%
Steel 3Q08 138.95 1.53% 8.58%
Composite 3Q08 149.00 1.59% 11.33%
Average 3Q08 140.34 1.62% 8.99%
 
 
   
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Whilst every effort has been made to ensure the validity of the data, Moss Construction Cost Management Inc. provides this information for guidance only and does not warrant the accuracy or applicability of the data to any specific project or location. No liability can be accepted for errors or omissions contained within the cost data, models or indices.
 

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