Pakistan Institute of Cost & Contracts (PICC), a subsidiary of Pakistan Engineering Council (PEC), is a non-profit research based institution which functions independently to prepare and update web based cost data of all construction inputs. PICC is the single source of providing authentic cost data for all types of construction inputs for all districts of Pakistan including Gilgilt-Baltistan and AJK .

The use of cost data, prepared by PICC as a neutral entity, by all private/public sectors will ensure; realistic and transparent project cost estimates; timely project completion; quality construction; good governance and minimize the financial loss to the National exchequer during implementation stage.