The key performance indicators, which measure performance in the construction industry in a reproducible manner, will be unveiled next month, construction minister Nick Raynsford has announced. Speaking at the launch of National Construction Week on Monday, Raynsford said: 'These will help companies focus on the main priority areas. They will start to give industry the quantified information it needs.'
kpis will first be used by the Movement for Innovation (M41), set up after the Egan report, to monitor its demonstration projects. They will concentrate on cost and time reductions, cost and time predictability, defects, safety, client changes, and profitability. Alan Crane, chairman of m4i, said the body was also creating a series of indicators of client satisfaction and productivity. These 'headline' indicators will be issued on a wall chart in May, for use in all construction offices. More detailed indicators will be produced in June and the process will continue. 'We will look at the whole life of a project,' Crane said, 'including the period leading up to construction and the performance in use.'