Specifications include, but are not limited to: Granting the right to use the respondent’s published real property construction cost source information by the Department of Local Government Finance in the development of cost depreciation tables as derivative products for publication and use by the 92 Indiana counties copied onto their computer systems to perform local property assessment functions. The construction cost data should contain the following information: a. Market segmentation analysis. b. Assembly data. c. Component data. d. Unit-in-place data. e. Direct labor and material costs. f. Indirect expenses required to construct an improvement (e.g., architectural design, permits, and builder profit). g. Trends in housing development (e.g., tiny homes, living spaces in pole barns, Quonsets with tarp roofs, home generators, solar options, mixed use properties).
