The Building Cost Information Service (BCIS), a UK-based cost benchmarking and valuation platform for construction, has secured investment from LDC, the private equity arm of Lloyds Banking Group.
The Building Cost Information Service (BCIS), a UK-based cost benchmarking and valuation platform for construction, has secured investment from LDC, the private equity arm of Lloyds Banking Group.
The investment will see BCIS, which was first established as a service in 1961 by the Royal Institution of Chartered Surveyors (RICS), become an independent company. RICS will continue to retain a minority shareholding in the company.
The investment – led by Partner and Head of Yorkshire Dan Smith, Investment Director Will Scales and Investment Manager Anthony West – will enable BCIS to further invest in its technology platform and data in order to enhance its services and insight for its customers.
