This resource serves as a comprehensive guide to construction costs across the nation. It is a published compilation of labor, material, and equipment expenses associated with various building projects. As an example, a contractor planning a residential remodel might consult it to determine the average cost of installing drywall in a specific geographic region.
The importance of this type of publication lies in its ability to provide a standardized reference point for budgeting and cost control. It aids in accurate bidding, helps to avoid cost overruns, and facilitates informed decision-making during the planning and execution phases of construction. Historically, such compilations have evolved from simple handwritten ledgers to sophisticated databases, reflecting advancements in data collection and analysis within the construction industry.
