According to GM Larry Kaufman, who has worked on the chess engines Rybka and Komodo, and has done extensive database analysis of material imbalances,

The bishop pair has an average value of half a pawn (more when the opponent has no minor pieces to exchange for one of the bishops), enough to regard it as part of the material evaluation of the position, and enough to overwhelm most positional considerations. Moreover, this substantial bishop pair value holds up in all situations tested, regardless of what else is on the board.

although he goes on to note some exceptions. The whole article is worth reading.

According to GM Larry Kaufman, who has worked on the chess engines Rybka and Komodo, and has done extensive database analysis of material imbalances,

The bishop pair has an average value of half a pawn (more when the opponent has no minor pieces to exchange for one of the bishops), enough to regard it as part of the material evaluation of the position, and enough to overwhelm most positional considerations. Moreover, this substantial bishop pair value holds up in all situations tested, regardless of what else is on the board.

although he goes on to note some exceptions. The whole article is worth reading.