order to achieve essential indexing of capital works, the PUBSEC index, as published by BIS through the Building Cost Information Service (BCIS) of the RICS, has been identified as a suitable replacement. The attached Newsletter 11/3, issued by SHA Estates (Midlands), stipulates that SHA's requirements in relation to use of the PUBSEC index; the requirements of other approving bodies should be identified and confirmed as necessary.

 

It must be noted that both the NHS Procure21 and the NHS ProCure21+ framework require all mandatory Elemental Cost Analyses to be indexed and reported to the central P21+ team using the PUBSEC index instead of the MIPS index."

 

The PUBSEC index is used in the same way as the defunct MIPS index. The conversion factor from MIPS (1975=100) is 2.778 (ie MIPS divided by 2.778 equals PUBSEC and PUBSEC multiplied by 2.778 = MIPS).