The JIP is a cooperative effort, established in 1991, by a number of petroleum and chemical companies to consolidate independent construction cost surveys soliciting similar information from contractors. There is now one survey sponsored by the JIP. The result is a single more cost effective means of satisfying owner information needs and reducing contractor reply time and effort. Both sponsoring JIP companies and respondents are benefiting.
Today the JIP is a single coordinated effort by petroleum and chemical owner companies for collecting information on the costs associated with the construction of major industry facilities. There are three JIP surveys.