Pricing levels on rehabilitation outstrip new build by 9 per cent
Pricing levels on rehabilitation outstrip new build by 9 per cent
Keywords Buildings,Pricing
Pricing levels on rehabilitation/conversion work are around 9 per cent higher than on new build work, according to the BCIS Study of Pricing Adjustment Factors, published recently in the BCIS Surveys of Tender Prices.
Analysis of the effect of type of work on pricing levels (see Figure 1) shows that pricing levels on new build tend to be the lowest, followed by shell only, horizontal extension,vertical extension, and finally rehabilitation/conversion. In relation to new build work, the pricing level of shell only is 2 per cent higher, horizontal extension 3 per cent higher, vertical extension 6 per cent higher and rehabilitation/conversion 9 per cent higher.
Figure 1 Type of work (the effect of type of work on pricing levels)
The BCIS Study of Pricing Adjustment Factors shows the pricing levels of a range of factors including location, size of contract, procurement route, number of storeys, size of contract, type of work and building type.
The BCIS Study of Pricing Adjustment Factors is part of the BCIS Surveys of Tender Prices which also includes an update of the BCIS Tender Price Index, the Contract Percentages Study, the Study of Average £/m2 Prices and Functional Prices for a whole range of building types. Available individually at £70.00, on subscription at £222.00 p.a. for four issues, or as part of the BCIS Bulletin Service, from the Building Cost Information Service, 12 Great George Street, Parliament Square, London SW1P 3AD.
