Dataset Overview

This dataset is a simulated dataset containing 1,000 entries of construction cost estimates. It is designed for use in predictive modeling, machine learning, and business analytics, particularly in the construction and project management domains. The dataset includes both numerical and textual data, providing opportunities for hybrid modeling approaches that combine structured data and natural language processing.

The primary objective of this dataset is to facilitate modeling of construction cost estimation while considering policy-driven adjustments (discounts or markups). It can be used to analyze and predict how various factors, such as material costs, labor costs, and policy reasons, affect final project estimates.

Feature Descriptions

1) Material_Cost (numeric):

• Represents the cost of materials required for a construction project, measured in USD.
• Range: $10,000–$50,000.
• This is one of the primary cost components in project estimation.

2) Labor_Cost (numeric):

• Represents the labor cost involved in completing the project, measured in USD.
• Range: $5,000–$30,000.
• Indicates the cost of human resources required for the construction.

3) Profit_Rate (numeric):

• Represents the percentage of profit added to the combined material and labor costs.
• Range: 10%–30% (5 distinct values: 10%, 15%, 20%, 25%, 30%).
• Reflects the margin a company expects from the project.

4) Discount_or_Markup (numeric):

• Represents the adjustment amount applied to the project cost, measured in USD.
• Range: -$10,000 to $10,000.
• A negative value indicates a discount, and a positive value indicates a markup, based on the

5) Policy_Reason (text):

• A textual explanation (up to 50 words) justifying the discount or markup applied to the cost. Examples include: "This client is new but has potential for growth." "The client is a repeat customer, deserving a loyalty discount." "Strategic importance of this client justifies special pricing." This feature is ideal for natural language processing (NLP) applications.

6) Total_Estimate (numeric): - The final estimated project cost, calculated as:

    (Material_Cost + Labor_Cost) × (1 + Profit_Rate/100) + Discount_or_Markup

• Represents the overall cost of the project after including the profit margin and any adjustments

Raw materials price index (RMPI) by North American Product Classification System (NAPCS) 2017 Version 2.0. Monthly data are available from January 1981. The table presents data for the most recent reference period and the last four periods. The base period for the index is (202001=100).

Building materials made of steel, copper and other metals had some of the highest price growth rates in the U.S. in the first half of 2025 in comparison to the previous year. The growth rate of the cost of several construction materials was slightly lower than in late 2024. It is important to note, though, that the figures provided are Producer Price Indices, which cover production within the United States, but do not include imports or tariffs. This might matter for lumber, as Canada's wood production is normally large enough that the U.S. can import it from its neighboring country. Construction material prices in the United Kingdom Similarly to these trends in the U.S., at that time the price growth rate of construction materials in the UK were generally lower 2024 than in 2023. Nevertheless, the cost of some construction materials in the UK still rose that year, with several of those items reaching price growth rates of over **** percent. Considering that those materials make up a very big share of the costs incurred for a construction project, those developments may also have affected the average construction output price in the UK. Construction material shortages during the COVID-19 pandemic During the first years of the COVID-19 pandemic, there often were supply problems and material shortages, which created instability in the construction market. According to a survey among construction contractors, the construction materials most affected by shortages in the U.S. during most of 2021 were steel and lumber. This was also a problem on the other side of the Atlantic: The share of building construction companies experiencing shortages in Germany soared between March and June 2021, staying at high levels for over a year. Meanwhile, the shortage of material or equipment was one of the main factors limiting the building activity in France in June 2022.

The production price index (PPI) for construction materials and components in the United States decreased slightly in 2024. Up until 2020, construction prices had been rising fairly steadily. However, in the years after that construction producer prices have been very unstable. Production price index A PPI of *** in 2022, indicates that the real-world price has risen by *** percent in comparison to the base year - 1982 in this case. Similarly, under the same baseline, the PPI for construction machinery and equipment has also risen steadily until 2018. Like all prices, there are regional differences within the United States. The PPI acts as a measurement for the average changes in prices that domestic producers receive for their output. In the United States, the PPI is one of the oldest continuous statistical datasets published by the government. Common construction materials Some building materials are essential to construction work, and the decision on which to use is important for the life and the endurance of the building. Materials such as cement, steel, and sand are essential to many construction projects. The production of cement is tightly linked to the demand that comes from the construction industry. The durability and potency of steel gives it an advantage over wood and concrete, providing buildings with a higher resistance but a cheaper price tag. Sand is commonly used in buildings, but it is especially common in roads that require stones of various grades and granulation.

Graph and download economic data for Producer Price Index by Commodity: Special Indexes: Construction Materials (WPUSI012011) from Jan 1947 to Aug 2025 about materials, construction, commodities, PPI, inflation, price index, indexes, price, and USA.

Overall, the price of most of the materials used in construction in Germany decreased in 2024 Only the price of lime and burnt gypsum and the cost of repairing mining, construction, and building material machines increased at a rate of over **** percent in 2024. The price of most building materials either increased by less than *** percent or they fell. In 2023, one of the construction materials in Spain with the highest price increase was cement.

Graph and download economic data for Global price of Agr. Raw Material Index (PRAWMINDEXA) from 1990 to 2024 about materials, World, indexes, and price.

The index relates to costs ruling on the first day of each month. NATIONAL HOUSE CONSTRUCTION COST INDEX; Up until October 2006 it was known as the National House Building Index Oct 2000 data; The index since October, 2000, includes the first phase of an agreement following a review of rates of pay and grading structures for the Construction Industry and the first phase increase under the PPF. April, May and June 2001; Figures revised in July 2001due to 2% PPF Revised Terms. March 2002; The drop in the March 2002 figure is due to a decrease in the rate of PRSI from 12% to 10¾% with effect from 1 March 2002. The index from April 2002 excludes the one-off lump sum payment equal to 1% of basic pay on 1 April 2002 under the PPF. April, May, June 2003; Figures revised in August'03 due to the backdated increase of 3% from 1April 2003 under the National Partnership Agreement 'Sustaining Progress'. The increases in April and October 2006 index are due to Social Partnership Agreement "Towards 2016". March 2011; The drop in the March 2011 figure is due to a 7.5% decrease in labour costs. Methodology in producing the Index Prior to October 2006: The index relates solely to labour and material costs which should normally not exceed 65% of the total price of a house. It does not include items such as overheads, profit, interest charges, land development etc. The House Building Cost Index monitors labour costs in the construction industry and the cost of building materials. It does not include items such as overheads, profit, interest charges or land development. The labour costs include insurance cover and the building material costs include V.A.T. Coverage: The type of construction covered is a typical 3 bed-roomed, 2 level local authority house and the index is applied on a national basis. Data Collection: The labour costs are based on agreed labour rates, allowances etc. The building material prices are collected at the beginning of each month from the same suppliers for the same representative basket. Calculation: Labour and material costs for the construction of a typical 3 bed-roomed house are weighted together to produce the index. Post October 2006: The name change from the House Building Cost Index to the House Construction Cost Index was introduced in October 2006 when the method of assessing the materials sub-index was changed from pricing a basket of materials (representative of a typical 2 storey 3 bedroomed local authority house) to the CSO Table 3 Wholesale Price Index. The new Index does maintains continuity with the old HBCI. The most current data is published on these sheets. Previously published data may be subject to revision. Any change from the originally published data will be highlighted by a comment on the cell in question. These comments will be maintained for at least a year after the date of the value change. Oct 2008 data; Decrease due to a fall in the Oct Wholesale Price Index.

Switzerland Raw Material Price Index: Reuter data was reported at 2,367.410 1931=100 in Oct 2018. This records an increase from the previous number of 2,318.120 1931=100 for Sep 2018. Switzerland Raw Material Price Index: Reuter data is updated monthly, averaging 1,881.250 1931=100 from Jul 1981 (Median) to Oct 2018, with 448 observations. The data reached an all-time high of 3,302.280 1931=100 in Jan 2011 and a record low of 1,096.740 1931=100 in Oct 2001. Switzerland Raw Material Price Index: Reuter data remains active status in CEIC and is reported by Swiss National Bank. The data is categorized under Global Database’s Switzerland – Table CH.I017: Raw Material Price Index.

This dataset contains the indices of UK hourly Construction Wage Costs (quarterly; not seasonally adjusted; 2000 = 100) and UK Construction Material Prices for New Housing, Other New Work, Repair and Maintenance, and All Work (monthly; 2010 = 100). Construction Material Prices The construction market intelligence (CMI) unit publication, ‘Monthly statistics of building materials and components’, presents the latest detailed information on selected building materials and contains monthly data on price indices, bricks, cement and concrete blocks. It also contains quarterly data on sand and gravel, slate, concrete roofing tiles, ready-mixed concrete and imports and exports of construction products. Data are derived from a Department for Business, Innovation & Skills monthly Building Materials and Components statistical release. Construction Wage Costs The Index of Labour Costs per Hour (ILCH) is a measure of the cost of having an employee for an hour of work. It represents the total cost of employing an individual, which is primarily the earnings of the employee, but also includes non-wage costs. It is also known as the Labour Cost Index (LCI); the index is produced by all member countries of the EU and collated by Eurostat. Data are derived from ONS data releases found here.

Learn about the aluminum raw material price index, an important tool that provides valuable information on the price trends of aluminum raw materials. Discover how it can help businesses and investors make informed decisions for long-term growth and success.

In March 2025, Poland's price growth rate for construction materials was negative, reaching **** percent, a *** percentage point decrease from the previous year.

View monthly updates and historical trends for Other Raw Materials Price Index. Source: World Bank. Track economic data with YCharts analytics.

Graph and download economic data for Current Prices Paid for Raw Materials; Percentage Reporting Increases for Texas (PRMIUAMFRBDAL) from Jun 2004 to Nov 2025 about paid, cost, materials, percent, TX, price, and USA.

Wholesale Prices in Canada increased to 146.10 points in September from 143.60 points in August of 2025. This dataset provides - Canada Raw Materials Prices- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Steel rose to 3,117 CNY/T on December 2, 2025, up 0.23% from the previous day. Over the past month, Steel's price has risen 1.30%, but it is still 7.09% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Steel - values, historical data, forecasts and news - updated on December of 2025.

United States - Producer Price Index by Industry: Building Material and Supplies Dealers was 219.88900 Index Dec 2003=100 in August of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Building Material and Supplies Dealers reached a record high of 259.21300 in March of 2022 and a record low of 100.00000 in December of 2003. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Building Material and Supplies Dealers - last updated from the United States Federal Reserve on October of 2025.

In 2024, clay and ceramic products and refractories were the construction materials with the highest price increase in Canada. The average price of that product was over ***** percent higher in 2024 than in the previous year. Meanwhile, the price of Asphalt, architectural metal, and a some other products decreased in 2024.

a Building Material Price Dataset designed to support predictive cost estimation and enhance transparency in procurement processes. The dataset comprises both primary data collected through structured surveys with material vendors in Ilorin and secondary data sourced from reputable online platforms. It is structured as a multivariate time series and incorporates engineered features such as seasonal indices and inflation adjustments.

View monthly updates and historical trends for Agricultural Raw Materials Price Index. Source: World Bank. Track economic data with YCharts analytics.