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What is the BCIS index?

Asked by: Juda Sivera

asked in category: General Last Updated: 6th March, 2020

What is the BCIS index?

1. Tender Price Indices (TPI) They measure the movement in prices agreed between clients and contractors at ‘commit to construct’ normally when the tender is accepted. These indices are typically used for adjusting estimates and budgets to different dates. The BCIS All-in TPI is the most widely used example.

Also question is, how do you use BCIS indices?

From the BCIS opening page click on ‘Indices‘. Select ‘BCIS Tender Price Indices‘. Select ‘BCIS All-In TPI’. Select ‘Close and Apply‘.

Secondly, what is the tender price index? Tender Price and Building Cost Indices. Tender Price Indices represent the price for which the contractor offers to carry out the project, i.e. cost to client.

Considering this, what is the Baxter index?

Baxter Index means a composite index comprised of the following indices of the BCIS.

How does BCIS work?

A BCI is a computer-based system that acquires brain signals, analyzes them, and translates them into commands that are relayed to an output device to carry out a desired action. Thus, BCIs do not use the brain’s normal output pathways of peripheral nerves and muscles.

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