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Building Inspection Commission adopts updated DBI cost schedule with higher valuation multipliers
Summary
The commission unanimously approved a revised DBI cost schedule based on 2022 valuation data, with examples including a 71.8% rise in tenant-improvement per-square-foot estimates and a near-doubling of residential remodel per-square-foot valuation.
The Building Inspection Commission voted unanimously Dec. 22 to approve an updated Department of Building Inspection cost schedule that adjusts permit valuation estimates to 2022 construction-cost values.
Neville Perera, deputy director of permit services, presented the revised schedule and told commissioners the valuation table had not been materially updated since 2017. Perera said the department reorganized the schedule, added a residential remodel…
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