The Engineering News-Record (ENR) provides what is considered to be reliable general construction cost index (CCI) and building cost index (BCI) historic values. Which of the following statements best describes the use of ENR indexes?

Question

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The CCI should be used when labor costs are a significant portion of total cost and BCI should be used for developing estimates of structures. The difference between ENR's CCI and BCI is in the labor component, with the CCI using a higher number of common labor hours than BCI. ENR indexes are used to measures how much it costs to purchase a hypothetical package of goods in comparison to how much it cost in a base year.

The Engineering News-Record (ENR) Provides What Is Considered to Be