Analysis & Reporting Tools
MCI provides an independent tender price index. The tender price index uses data from accepted tenders, lowest or second lowest bids and final accounts.
Quickly switch between graphical and tabular views or annual and quarterly data. Advanced reports allow you to build a custom index for your project. All indices include a forecast which allows you to plan the execution of your project more effectively.
The location index allows you to compare price indices for different locations. For example, you can compare how price indices changed in Dubai versus Abu Dhabi; or how Dubai compares with the rest of the nation.
As more countries are rolled out, you will have the ability to compare cost indices for any city included in MCI’s coverage. This will enable you to apply the insight you gain in multiple environments.
Use the tender composition report to see how various cost elements have changed the cost composition of projects over time. MCI also provides a report to benchmark your project to the industry, thus providing you with a health check on your tender.
To complement the price indices, MCI offers a unique tool to view future spend in the construction sector through the market spend report. Market spend analysis can provide comparisons on location, asset class or project status.
You can also filter input data on location, asset class or status. This report provides you the insight to understand the impact of future demand on the cost of construction.
Only MCI offers the ability to build an index that is relevant to your discipline. Use the building block report to compare changes in specific line items that are normally part of the tender documentation.
For example, if you are an MEP contractor, you do not really care what the price of concrete has done over the years. You will be more interested in items that you require in your field of expertise.
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MEED Cost Indices is the ultimate cost analysis resource and can help you support your estimating process and ensure the continued viability of your project.
Register to find out how MEED Cost Indices can help you mitigate your project risk today.