You need to download the latest version of SSDT from http://msdn.microsoft.com/en-us/data/hh297027. Or you should be able to get it inside Visual Studio by choosing "SQL-> Check for Updates" from the top menu bar. This will install the latest SSDT and DacFx bits, and fix this error.
Unfortunately SSDT and SSDT-BI have confusingly similar names but are separate downloads with different functionality. That's why your installation of the SSDT-BI tool didn't fix this error.