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Cost Benchmarking

With best practice methodologies and a reliable source of comprehensive cost data, we can show you how you are performing against similar projects or organisations.

Benchmarking is an invaluable management tool for the measurement and comparison of performance. Comparison is the key to benchmarking and having a wide choice of comparators allows for a greater appreciation of potential cost drivers.

There are a number of well-developed techniques used to benchmark performance, all of which share a common three stage approach:

 

An integral component of benchmarking costs is an understanding of the key cost drivers. BCIS host a cost database with over 20,000 construction projects which places us in a unique position to provide cost benchmarking services. Unlike many other consultants we have no conflict of interest and our independence provides confidence and trust.

We regularly compile detailed benchmarking studies for the UK and international locations.

Please get in touch if you need advice on any of our service areas or want an informal discussion on anything related to BCIS. You can call on +44 (0)24 7686 8502, or email consultancy@bcis.co.uk

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