Construction Cost Index

The Construction Cost Index (CCI) is a measure that tracks changes in construction costs over time. It considers expenses like labor, materials, and equipment, providing a way to estimate how much it will cost to build a project at different points in time. Built from data collected regularly, the CCI helps developers, contractors, and investors plan budgets and make informed decisions by showing whether construction costs are rising, falling, or stable. Essentially, it’s a reliable indicator that reflects the economic factors influencing construction expenses.