RSMeans

Definition

RSMeans is a provider of construction cost information in North America, offering data on material, labor, and equipment costs for various construction projects.

Purpose

The purpose of RSMeans is to provide accurate, up-to-date cost data for construction professionals, aiding in budgeting, estimating, and project planning to ensure financial accuracy and efficiency.

Examples of Use

• Contractors use RSMeans data to prepare detailed and accurate cost estimates for construction bids.
• Architects and engineers refer to RSMeans for material and labor costs when designing and planning projects.
• Project managers use RSMeans to track construction costs and compare them against estimates to manage budgets effectively.

Related Terms

• Cost Estimation: The process of predicting the cost of a construction project.
• Budgeting: Planning the financial expenditures of a project.
• Construction Management: The overall planning, coordination, and control of a construction project from inception to completion.

Notes

RSMeans data is widely regarded as a reliable source for construction cost information, helping professionals make informed financial decisions and ensuring project cost control.