New construction
New construction costs delivered as percent of total costs.
Delivered Construction Costs as Percent of Total Costs
| Year | Percent of Total Costs |
|---|---|
| 2011–12 | 92.6% |
| 2012–13 | 97.3% |
| 2013–14 | 93.2% |
| 2014–15 | 98.4% |
Description of Calculation: Delivered construction costs of new construction projects, divided by total costs of all new construction projects.
Importance of Measure: This can be used to evaluate the cost of delivered construction relative to design costs and personnel costs.