New COVID-19 Adjusted Cost Indices Released By BNI Building News

VISTA, Calif. - June 17, 2021 - PRLog -- Due to the supply chain disruption caused by the COVID-19 epidemic, construction material costs are rising at a dramatic rate. To address this unprecedented situation, BNI Building News announced today that it is releasing updated cost indices for the US construction market.

These new COVID-19 adjusted indices have been updated on BNi's cost modeling tool, Simpl●Est Square Foot, as well as on all of the BNI Building News 2022 Costbooks. The BNI Costbooks are sold as a Print/PDF Combo, and they are all now available in PDF format with the new COVID-19 adjusted cost pricing.

"Increased demand for construction materials, labor shortages, consumer demand, COVID-19 and other factors have put an unparalleled market in place," says Bill Mahoney, President of BNI Building News. "With these conditions, we have updated our construction cost indices to reflect the current market. We will continue to readdress these indices quarterly and monitor the market."

For more information on the COVID-19 Adjusted Cost Indices, visit  http://www.bnibooks.com/costs2022 or call 888-264-2665.

About BNI Building News:
Since 1946, BNi Building News has been serving the information needs of the construction industry. BNI's cost databases are used in a diverse number of commercial estimating tools, and serve as the basis of 15 annually updated estimating guides. BNI carefully tracks and aggregates construction material costs and labor costs, and it maintains an extensive database of historical cost data based on actual building projects.

About Simpl●Est Square Foot:
Simpl●Est is an easy-to-use, yet powerful cost modeling tool that uses actual buildings and their cost to build along with cost escalators through 2025, and features over 600 regional modifiers. Subscribers access Simpl●Est Square Foot from dcd.com and use it for preliminary cost estimates, validating cost estimates and "what if" cost modeling. Simpl●Est is a registered trademark of Design Cost Data and BNi Building News.