This statistic shows the Key Performance Indicator (KPI) measuring the accuracy of estimated construction costs within the United Kingdom (UK) construction industry, from 1999 to 2015. After a growth of twelve percent in 2011, the accuracy of construction estimates has decreased by one percent in each of the years since.
Predictability of construction cost in the United Kingdom (UK) construction industry from 1999 to 2015
The source specifies that: "The annual KPI surveys ask for the actual out-turn cost of construction compared with the figure agreed at the start of that phase. The KPI is
the proportion of projects that were on cost or better."
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Glenigan . (October 11, 2015). Predictability of construction cost in the United Kingdom (UK) construction industry from 1999 to 2015 [Graph]. In Statista. Retrieved February 17, 2025, from https://www.statista.com/statistics/656410/construction-kpi-construction-cost-predictability/?__sso_cookie_checker=failed
Glenigan . "Predictability of construction cost in the United Kingdom (UK) construction industry from 1999 to 2015." Chart. October 11, 2015. Statista. Accessed February 17, 2025. https://www.statista.com/statistics/656410/construction-kpi-construction-cost-predictability/?__sso_cookie_checker=failed
Glenigan . (2015). Predictability of construction cost in the United Kingdom (UK) construction industry from 1999 to 2015. Statista. Statista Inc.. Accessed: February 17, 2025. https://www.statista.com/statistics/656410/construction-kpi-construction-cost-predictability/?__sso_cookie_checker=failed
Glenigan . "Predictability of Construction Cost in The United Kingdom (Uk) Construction Industry from 1999 to 2015." Statista, Statista Inc., 11 Oct 2015, https://www.statista.com/statistics/656410/construction-kpi-construction-cost-predictability/?__sso_cookie_checker=failed
Glenigan , Predictability of construction cost in the United Kingdom (UK) construction industry from 1999 to 2015 Statista, https://www.statista.com/statistics/656410/construction-kpi-construction-cost-predictability/?__sso_cookie_checker=failed (last visited February 17, 2025)
Predictability of construction cost in the United Kingdom (UK) construction industry from 1999 to 2015 [Graph], Glenigan , October 11, 2015. [Online]. Available: https://www.statista.com/statistics/656410/construction-kpi-construction-cost-predictability/?__sso_cookie_checker=failed