Benchmark Construction Costs with Confidence
Wells Data Services helps clients convert fragmented cost information into comparable, decision-ready intelligence. Through ICMS-aligned structuring, we transform raw and inconsistent datasets into a common framework that supports benchmarking, estimating and portfolio-level commercial strategy.
Our work combines technical data structuring with practical consultancy for estimating teams, cost managers, project sponsors and commercial leaders delivering major projects.
Built by leaders behind ICMS standardisation – practical benchmarking expertise for real-world project decisions.
What We Do
ICMS Data Conversion
We convert structured and unstructured data into ICMS-compatible formats. This includes spreadsheets, PDF cost plans, trade breakdowns, legacy cost codes, ERP extracts and mixed-source project records. We normalise naming, units, categorisation and scope boundaries so datasets can be compared like-for-like.
Benchmarking & Estimating Support
We build and maintain benchmark sets that support early-stage feasibility, concept budgets and estimate assurance. Teams use our outputs to pressure-test assumptions, identify cost outliers and improve confidence in pre-contract commercial decisions.
Market Insight & Cost Signals
We provide market-facing cost insight from project data trends, including package-level movement, regional variance and category pressure points. This helps clients understand where cost risk is building and where procurement strategy may need to adapt.
How We Work
- Discovery: understand project typology, geographies, and decisions the data must support.
- Data intake & mapping: ingest source data and map cost elements to ICMS structure and definitions.
- Quality controls: apply consistency checks, scope alignment rules and anomaly review.
- Benchmark outputs: deliver comparable metrics, commentary and recommendation packs for stakeholders.
- Ongoing intelligence: maintain live datasets to support repeatable estimating and market tracking.
ICMSCosts.com
ICMSCosts.com is our cost database environment designed to bring together project cost records in an ICMS-ready structure. It supports faster benchmarking workflows and better transparency when comparing large-scale projects across sectors. With tens of thousands of reference projects, indices from thousands of cities around the world and inflation data for every major country, we pride ourselves in supporting a truly world-class solution.
To discuss your requirements, contact info@wellsdataservices.com.