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Do ENRs cost indexes capture all the factors influencing construction costs?

April 26, 2017capture Construction COST costs ENR factors indexes influencing

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Do ENRs cost indexes capture all the factors influencing construction costs?

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No. ENR’s two primary cost indexes, the Construction Cost Index and the Building Cost Index, each have only four components (inputs) — cement, lumber, structural steel, and labor. They do not capture all the factors influencing project costs. They merely offer a snapshot of general cost trends.