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Industry Statistics
The Construction Development Board has identified a need for improved statistics about the construction industry. This information will assist the government and contractors to better assess the status of the industry and to identify which sectors require additional attention.
At present the CDB is focusing on three types of industry statistics:
Tendering, Bid and Award Data - This data will be collected from procurement agencies during the tendering process. The data will identify key information such as who are active contractors, what are the average bid/win ratios, average tender-to-award durations, as well as common evaluation problems. This information will assist contractors to determine their necessary levels of investment, and to identify those construction sectors with the least competition. The data will be collected through the use of bidding report forms that will be completed and submitted to the CDB by all tender evaluation committees. Click here to view the three bidding report forms: BID01 (for Direct Contracting), BID02 (for Limited Tendering), and BID03 (for Open Tendering).
Contract Performance Data - This data will help assess the performance of both contractors and procuring agencies in executing government projects. The information will help determine those areas of contract execution that require improvement. The data will identify the principal causes of delayed works, price escalations, poor performance and contractual disputes. Click here to view the two contract completion forms: CON01 (for reporting about prequalifications), and CON02 (for reporting about contract completion).
Economic Data - This data will help determine the economic factors of the construction industry. As a significant contributor to the nation's GDP, the growth and impact of construction industry needs to be closely monitored. Inflationary demands on the industry need to be identified and assessed. This information will help both the government and contractors to forecast the growth of the industry.