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News / March 06 2012 - Real time construction costs updated for Mipim

Real time construction costs updated for Mipim

Real time property and construction costs are now instantly available to thousands working in the sector thanks to a free cost industry App confirms Rider Levett Bucknall at MIPIM today.

The global surveying practice first launched this innovative App late 2011 and has updated the global cost benchmarking data to reflect price changes and trends in the fluctuating marketplace during the first quarter of 2012.

The Rider Levett Bucknall Intelligence App enables users to access instant cost data, market trend information and analysis without any subscription or purchase fees.

For those without access to a smartphone, the PC version can be accessed online and saved as a desktop link. It utilises the same web-based, global cost database.

Features include global cost comparison, tender price index data and worldwide construction market analysis and commentary, alongside an electronic version of the Riders Digest 2012, its annual construction industry guide.

It is hoped that the tool will prove useful for developers, architects and planners, enabling them to check benchmark costs when making initial design and feasibility decisions.

Lance Taylor, chief executive at Rider Levett Bucknall, said: “We are already well known for our accurate and relevant cost research, producing a number of reports during the year.

“With the increasing popularity of smart phones and desire to access up to date information instantly we saw the opportunity to develop an app which would provide people in the property industry with the latest cost data.

“We wanted this to be functional and useful, rather than a simple replication of our website - if you’re looking for an initial indication of the cost of a proposed development you now have access to an app whenever and wherever you need it.” 

The app uses Rider Levett Bucknall’s regularly updated, location specific cost data to provide a range of current expected building costs for specified building types across the world.

Tender Price Index information compares modelled TPI figures using both location and time parameters, enabling the user to identify comparative price movements and trends.

Location-specific analysis of general construction market conditions including activity across all sectors, price movements and forecasts are also provided.

The smartphone version of the app is available on iPhone, Android, Windows Phone 7 and Blackberry Operating Systems and can be downloaded free of charge from various app stores by searching for ‘RLB’ or ‘Rider Levett Bucknall’. All apps, including the desktop version are available by visiting http://www.rlb.com/app

News / March 06 2012 - Real time construction costs updated for Mipim