Using producer price indexes to escalate a building quote
A quote is a forecast, and materials costs rarely hold still for the life of a job. A producer price index gives you an objective basis for adjusting the price, but only if you understand what it measures, how late it arrives and how to write it into the contract.
12 min read
Topic
Quotes
Articles and news about Quotes for Australian builders.
Using producer price indexes to escalate a building quote
A quote is a forecast, and materials costs rarely hold still for the life of a job. A producer price index gives you an objective basis for adjusting the price, but only if you understand what it measures, how late it arrives and how to write it into the contract.
12 min read
Benchmarking build cost per square metre without fooling yourself
A rate per square metre looks like a clean comparison, but it hides differences in scope, site and finish. Normalise the job first, then compare it with anything.
11 min read