What is the Building Industry Comparative Index (BICI)?
BICI provides a transparent, credible measure of comparative building industry performance across Victoria, New South Wales, Queensland and Western Australia. BICI is calculated over 16 variables agreed by investors and building industry leaders as the most significant indicators of cost and risk in the sector. It aggregates external data and uses a methodology verified by independent third parties to demonstrate comparative performance of the four States at six-monthly intervals from June 2000.
