How much would you estimate a 150-room hotel would have cost if built in January 2015, if your company built a 150-room hotel in 2010 for $15,000,000? 
Historical Cost Indexes The table below lists both the RSMcans' historical cost indcx bascd on Jan. 1, 1993-100 as well as the computed valuc of an index based on Jan. 1, 2015 costs. Since the Jan. 1,2015 figute is estimated, space is keft to write in the actual index figutes as they become available through cither the quartcrly RSMeans Construction Cost Inderxes or as printed in the Engineering Neus-Record. To compute the actual index based on Jan. I 2015 = 100, divide the historical cost index for a particular year by the actual Jan. 1, 2015 construction cost index. Space has beeh left to advance the index figures as the year progresses Current Index Based on Current Index Based on Current Index Based on Cost Index Cost Index Cost Index Year Jan. 1, 1993-100 Jan. 1,2015 100Ye Jan. 1, 1993 100 Jan. 1, 2015 100Year Jan. 1, 1993-100 Jan. 1, 2015 100 Est. Actua Est. Actual Est. Actual Est. Actual Juy 2000 1999 1998 1997 Juy 1982 1981 1980 1979 Oct 2015 uy 2015* Aoril 2015 20.9 1176 115.1 1128 70.0 62.9 Jan 2015 206.7 100.0 100.0 1977 1976 1975 1974 2013 2012 2011 2010 201.2 97.3 194.6 941 191.2 92.5 1835 888 1995 1994 1993 1992 52.1 1044 101.7 44.8 1972 1971 1970 1969 2008 2007 2006 2005 80.4 87.3 694 82.0 1620 | 78.4 151.6 73.3 1990 1989 1988 1987 34.8 43.5 1967 1966 1965 132.0 63.9 128.7 62.3 25.1 60.5 1985 1984 1983 23.5 82.0 2001 Adjustments to Costs The "Historical Cost Index can be used to convert national average buikding Time Adjustment Using the Historical Cost Indexes costs at a particular time to the approximate building costs for some othct timc. tundex for YearA x Cost i Year B Cost in Ycar A Index for Ycar B Xamples Estimate and compare construction costs for difcrent yeats in the same city To estimate the national avctage constructioh cost of a building in 1970, knowing that it cost $900,000 in 2015: INDEX in 1970-28.7 INDEX in 2015-206.7 INDEX 1970 INDEX 2015 28.7 x 00st 2015-Cost 1970 -X $900,000.. 139 x $900,000-$125,100 206.7 The construction cost of the building in 1970 is $125,100. Note: The city cost indexes for Canada cah be used to convert U.S hational avcrages to local costs in Canadiah dollats Historical Cost Indexes The table below lists both the RSMcans' historical cost indcx bascd on Jan. 1, 1993-100 as well as the computed valuc of an index based on Jan. 1, 2015 costs. Since the Jan. 1,2015 figute is estimated, space is keft to write in the actual index figutes as they become available through cither the quartcrly RSMeans Construction Cost Inderxes or as printed in the Engineering Neus-Record. To compute the actual index based on Jan. I 2015 = 100, divide the historical cost index for a particular year by the actual Jan. 1, 2015 construction cost index. Space has beeh left to advance the index figures as the year progresses Current Index Based on Current Index Based on Current Index Based on Cost Index Cost Index Cost Index Year Jan. 1, 1993-100 Jan. 1,2015 100Ye Jan. 1, 1993 100 Jan. 1, 2015 100Year Jan. 1, 1993-100 Jan. 1, 2015 100 Est. Actua Est. Actual Est. Actual Est. Actual Juy 2000 1999 1998 1997 Juy 1982 1981 1980 1979 Oct 2015 uy 2015* Aoril 2015 20.9 1176 115.1 1128 70.0 62.9 Jan 2015 206.7 100.0 100.0 1977 1976 1975 1974 2013 2012 2011 2010 201.2 97.3 194.6 941 191.2 92.5 1835 888 1995 1994 1993 1992 52.1 1044 101.7 44.8 1972 1971 1970 1969 2008 2007 2006 2005 80.4 87.3 694 82.0 1620 | 78.4 151.6 73.3 1990 1989 1988 1987 34.8 43.5 1967 1966 1965 132.0 63.9 128.7 62.3 25.1 60.5 1985 1984 1983 23.5 82.0 2001 Adjustments to Costs The "Historical Cost Index can be used to convert national average buikding Time Adjustment Using the Historical Cost Indexes costs at a particular time to the approximate building costs for some othct timc. tundex for YearA x Cost i Year B Cost in Ycar A Index for Ycar B Xamples Estimate and compare construction costs for difcrent yeats in the same city To estimate the national avctage constructioh cost of a building in 1970, knowing that it cost $900,000 in 2015: INDEX in 1970-28.7 INDEX in 2015-206.7 INDEX 1970 INDEX 2015 28.7 x 00st 2015-Cost 1970 -X $900,000.. 139 x $900,000-$125,100 206.7 The construction cost of the building in 1970 is $125,100. Note: The city cost indexes for Canada cah be used to convert U.S hational avcrages to local costs in Canadiah dollats
