Recommendation 13

The IPA stated that it is working with government to improve the quality of cost estimation and is currently working on a standard for developing guidance on cost estimating. It has also set up a cross-departmental cost estimating community to share best practice.21 The NIC told us that the Government’s National Infrastructure Strategy promises to establish a cost benchmarking tool, and a separate requirement for all major infrastructure projects to publish cost and performance data at three key stages of their lifecycle.22