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Is it possible to forecast the construction cost index in the USA? [electronic resource]

By: Contributor(s): Language: English Series: RICS Education Trust | FiBRESERIESPublication details: London RICS 2010ISBN:
  • 9781842196007
Subject(s): Online resources: Summary: Monthly Construction Cost Index (CCI) in the USA is a weighted aggregate index of the 20-city average prices of construction raw materials and labour; uncertainty about future trends in construction costs is a major risk factor in cost estimating and budgeting; predicting construction trends can avoid under or over-esimtation; compares the applicability and predictability of various approaches to forecasting the CCI; key findings; simple models.

Monthly Construction Cost Index (CCI) in the USA is a weighted aggregate index of the 20-city average prices of construction raw materials and labour; uncertainty about future trends in construction costs is a major risk factor in cost estimating and budgeting; predicting construction trends can avoid under or over-esimtation; compares the applicability and predictability of various approaches to forecasting the CCI; key findings; simple models.

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