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MEED Cost Indices provides a range of powerful analytical and reporting tools to help you find, interpret and contextualise relevant data. Graphically display your data for presentation, or download the raw data for processing with your organisation's own systems and tools.
This independent index uses data from accepted tenders, lowest or second lowest bids and final accounts.
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.
To complement the price indices, MCI offers a unique tool to view future spend in the construction sector through the market spend report.
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.
MCI provides you access to spot rates for construction metals such as steel, aluminium, copper and more through the LME index.
MCI tracks more than 20 items with various specifications in Qatar, Saudi Arabia and the UAE. The rate of change in these items is indicated in the contractor cost index and allow for a rate of change comparison.
Only MCI provides you with the average unit rates paid for key materials, labour, fuel and equipment by contractors in Qatar, Saudi Arabia & UAE.
MCI provides you with useful tools to quickly gauge the “health” of your project. Use our cash flow tool to see how your projects funds will be disbursed during the construction cycle.
Use the MCI escalation tool to calculate the amount that needs to be allowed for in your project to cover cost fluctuations which are not covered by contingency. The escalation tool uses either the MCI cash flow as basis or users can enter their own cash flow if available.
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