Corpus ID: 55192806

Quantifying the Relationship between Construction Cost Index (CCI) and Macroeconomic Factors in the United States

  title={Quantifying the Relationship between Construction Cost Index (CCI) and Macroeconomic Factors in the United States},
  author={Baabak Ashuri and Seyed Mohsen Shahandashti},
Significant changes in Construction Cost Index (CCI) are problematic for cost estimation, bid preparation, and investment planning of capital projects in the United States. Quantifying the relationship between CCI and macroeconomic factors helps to have a better understanding about construction cost changes within the US economy. The research objective of this research is to quantify the relationship between eight macroeconomic factors and CCI using two statistical tests: Pearson correlation… Expand

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