Benchmarking infrastructure costs
Construction and infrastructure project costs are collected and analysed to provide benchmarks for use within an organisation or externally. Benchmark costs are used:
- to validate current expenditure;
- as guidance for future expenditure; and
- to assist in identifying efficiency opportunities.
To compare costs, it is important that these are analysed in a consistent format. While individual infrastructure clients have developed standard data analysis systems, there is no accepted standard data collection system within or between sectors. Furthermore, the primary types of structures constructed in the different sectors (roads, pipelines, etc.) will require different rules of analysis. Work is ongoing within the industry to develop consistent structures for infrastructure; these are considered under Classification of costs.
This isurv section looks at the various drivers for cost analysis and comparison, and the initiatives underway to assess whether greater consistency of analysis is possible.