This index is calculated quarterly by pricing representative non-residential construction projects in various metropolitan areas and is not adjusted for [[Inflation|inflation]]. This graph shows a 36% increase across many metropolitan areas. Over the same period, inflation was 22%, meaning **real costs increased 14%**. ![[Pasted image 20240605170014.png]] [Source: Mortenson's Construction Cost Index](https://www.mortenson.com/cost-index). ![[Pasted image 20240702145720.png]] http://www.baydim.com/TBDBidIndex.htm #Question: do contractors factor in home prices when making a bid? (A homeowner friend is suspicious)