From the course: Construction Estimating: RSMeans and Cost Data
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City index adjustment
From the course: Construction Estimating: RSMeans and Cost Data
City index adjustment
- [Lecturer] If you're using RSMeans or other construction cost data, you'll find that most of them have city cost indexes, or variations in the labor and material costs regionally across the country. RSMeans has a great explanation page of how this all works, it's in the book. Scroll down it and look at all the different comparison calculations there are. The most important one is the adjustment from the national average in my opinion, because the labor units in material cost data is all based on the national average costs. So let's go to the actual city index. You'll see on this page that the city cost indexes are set for the year 2018, second quarter. We'll go down to concrete. As I go across this concrete line I'll see that in Birmingham, Alabama there's an index of 83.4 for concrete. Remember our last calculation for concrete, that was based on the national average. So let's make an index calculation. It's gonna look something like this. You take the index for that particular…
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