NAVFAC Building Cost Index (BCI) 2021-02-10(1200) Consistent With DoD UFC 3-701-01 23May2018 C8 03Feb2021 Fiscal Year Oct 1998 3372 1999 3423 2000 3505 2001 3547 2002 3603 2003 3651 2004 3745 2005 4129 2006 4265 2007 4431 2008 4535 1,2 2009 4757 2010 4459 2011 4391 2012 4503 2013 4582 2014 4744 2015 4938 2016 5139 2017 5335 2018 5547 2019 5841 2020 6089 2021 6212 2022 6336 p 2023 6463 p 2024 6592 p 2025 6724 p 2026 6858 p 2027 6995 p Escalation Factor = * Nov 3350 3424 3498 3541 3596 3654 3765 4128 4312 4462 4555 4753 4420 4396 4511 4594 4759 4954 5151 5351 5566 5868 6122 6222 6347 6474 6603 6735 6869 7007 3p p p p p p p Feb Mar Dec Jan 3370 3363 3372 3368 3411 3417 3419 3425 3523 3536 3497 3503 3548 3545 3536 3542 3548 3581 3581 3597 3655 3649 3640 3648 3757 3767 3802 3859 4123 4112 4116 4127 4329 4335 4337 4330 4440 4432 4432 4411 4574 4594 4612 4630 4748 4744 4683 4623 4408 4396 4393 4390 4401 4406 4417 4427 4519 4527 4534 4540 4606 4618 4630 4643 4774 4788 4800 4812 4970 4986 5000 5014 5163 5175 5194 5214 5366 5382 5399 5416 5585 5603 5627 5652 5895 5922 5945 5967 6154 6187 6200 6212 6233 p 6243 p 6254 p 6264 6357 p 6368 p 6378 p 6389 6485 p 6495 p 6506 p 6517 6614 p 6625 p 6636 p 6647 6746 p 6758 p 6769 p 6780 6881 p 6892 p 6904 p 6915 7018 p 7030 p 7042 p 7054 Index of the "escalated to" date Index of the "escalated from" date p p p p p p p Apr 3375 3421 3534 3541 3583 3652 3908 4168 4335 4416 4649 4562 4388 4438 4546 4656 4824 5028 5233 5433 5676 5989 6225 6274 6400 6528 6658 6792 6927 7065 p p p p p p p May 3374 3422 3558 3547 3612 3660 3956 4189 4331 4475 4668 4537 4390 4449 4551 4668 4841 5044 5249 5453 5702 6013 6223 6285 6410 6539 6669 6803 6938 7077 p p p p p p p Jun 3379 3433 3553 3572 3624 3667 3996 4195 4340 4471 4688 4512 4393 4461 4555 4681 4859 5061 5266 5472 5729 6036 6220 6295 6421 6550 6680 6814 6950 7089 p p p p p p p Jul 3382 3460 3545 3626 3652 3683 4013 4197 4356 4493 4708 4487 4395 4473 4559 4693 4876 5077 5282 5491 5755 6059 6217 6306 6432 6561 6692 6826 6962 7101 p p p p p p p Aug 3391 3474 3546 3605 3648 3712 4027 4210 4359 4513 4724 4469 4394 4483 4566 4710 4896 5098 5300 5510 5784 6069 6216 6316 6442 6572 6703 6837 6973 7113 p p p p p p p Sep 3414 3494 3539 3597 3655 3717 4102 4219 4375 4533 4741 4451 4392 4493 4574 4727 4917 5118 5317 5528 5812 6079 6214 6327 6453 6583 6714 6848 6985 7124 p p p p p p p See DoD UFC 3-701-01 23 May 2018 C8 03 Feb 2021; Table 4-2: Military Construction Escalation Rates Note 1: The index from OCT FY1993 (OCT CY1992) through OCT FY2008 (OCT CY2007) is the Engineering News Record (ENR) Building Construction Index (BCI). The ENR BCI is a historical index that tracks the cost of three basic materials and three skilled labor types, but does not account for other pricing influences (such as risk and competition) that impact total delivered price to the project owner. Note 2: The index from OCT FY2008 (OCT CY2007) through OCT FY2021 (OCT CY2020) is consistent with the DoD Selling Price Index (SPI). The SPI is a historical index representing the average of the RLB Construction Cost Index, Turner Construction Cost Index, and Saylor Subcontracting Index. Saylor ceased publishing their index in OCT 2009, and the BLS PPI for NAICS 236223 is now the third index used in the computation. DoD established the SPI to more accurately represent actual (historical) market escalation as experienced by DoD as the project owner for the type of construction in the portfolio. Note 3p: The index from OCT FY2021 (OCT CY2020) through SEP FY2027 (SEP CY2027) is projected based on annual rates for military construction budget authority "Inflation Guidance -- Fiscal Year (FY) 2022 President's Budget" published by USD (Comptroller) in January 11, 2021. Developed/Maintained by NAVFAC Chief Cost Engineer 757-322-4322