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Cleopatra Indexation

Posted by Gary Hills on Jun 2, 2015 10:31:19 AM

 

 

Cleopatra Enterprise includes an indexation feature to apply adjustments to pricing in your estimates. Typically, the costs in your knowledgebase are based on costs that were known at a specific point in time. We all know that costs change over time for various reasons. After you have gone through the trouble of obtaining and analyzing the unit costs for thousands of components, you don’t want to do it again anytime soon, do you? Thankfully, there are analysts and agencies who monitor and publish cost indexes so they can capture and report cost trends for various commodities. One such agency is the US Bureau of Labor Statistics (BLS). They publish online cost indexes for numerous commodities. The following image shows an index for steel pipe and tube.

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Topics: Cost Engineering, Cleopatra Enterprise, Cost Engineering Consultancy, Eos Piping KB, Indexation, BLS, Eos Piping Knowledgebase

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