The latest update on the Building Cost Index for plumbing work in office and business buildings reveals a notable change in expenses. The index, updated on January 15, 2024, indicates an overall increase of 5.3% from December 2022 to December 2023.
Key highlights from the report:
- Overall Plumbing Work: The index for plumbing work in total rose from 295.8 (December 2022) to 311.4 (December 2023), reflecting a 5.3% increase.
- Administration Costs: Administrative expenses showed a 3.9% growth, with the index climbing from 207.7 to 215.7 during the same period.
- Labor Costs: Labor costs experienced a modest 2.5% increase, moving from 214.0 to 219.4.
- Material Expenses: The cost of materials used in plumbing work demonstrated a significant rise of 6.2%, reaching from 360.5 to 383.0.
- Sanitary Installations: Expenses related to sanitary installations increased by 4.6%, with the index moving from 295.0 to 308.6.
- Heating Installations: Plumbing work associated with heating installations saw a notable 6.0% increase, with the index climbing from 297.0 to 314.8.