This report presents the results of an 1990-93 audit of the New York State University Construction Fund (SUCF) to assess the need for service efforts and accomplishments (SEA) indicators that address overall construction efficiency, economy, and effectiveness issues. The audit also assessed the reliability of SUCF's construction project data and determined how the data were used to manage construction activities. The audit interviewed SUCF staff, surveyed related agencies, and reviewed SUCF records and procedures. The audit found that while SUCF has processes to manage individual projects and the construction program in total, it did not utilize performance measures or SEA indicators to report how well it performed in fulfilling its mission. The audit also found that SUCF's construction project data were reliable. The report recommends that SUCF: (1) work with other construction agencies to identify key construction performance indicators; (2) assess the availability of the data required for the identified indicators and develop systems needed to collect appropriate data; and (3) publicly report the identified performance indicators on at least an annual basis. Three appendixes list the contributors to the report, and offer the comments of SUCF on the report. Contains 28 references. (MDM)