The finding of the Construction Industry Cost Effectiveness Project of the Business Roundtable was that there is a lack of credible information available to define and monitor the construction industry has been confirmed and reinforced by the Data Task Force’s survey of CII member companies’ data needs. Member companies are most concerned by the lack of information available to assist them in planning and estimating upcoming projects. Therefore, it has been concluded that: (SD-7, p. 27)
- There is a demand for any data which can reduce risk and uncertainty before beginning a project
- There is widespread support for CII to meet this demand for data
Highest priority in developing databases should be given to these three types of information most requested and needed by member companies.
- Local craft wage rates, especially non-union
- Local craft labor availability, especially short-term
- Cost indexes for large projects of all types