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Engineering and construction costs continued to rise in April, according to IHS Markit, now a part of S&P Global, and The Procurement Executives Group (PEG).

ACBM staff Engineering and construction costs maintained their upward movement in May, driven at least in part by rising costs to ship materials from key markets to the U.S. The latest IHS Markit PEG Engineering and Construction Cost Index (ECCI), produced jointly by IHS Markit and the Procurement Executives Group (PEG), shows costs rose for the seventh straight month, with survey respondents reporting widespread price increases across all index components. As a result, the ECCI moved up 6.3 points to a 78.8 reading in May. The materials and equipment sub-index saw its sixth consecut...

Engineering and Construction Costs Climb for Sixth Consecutive Month in April Costs for engineering and construction materials rose for the sixth consecutive month, pushing the IHS Markit PEG Engineering and Construction Cost Index to 72.4. April 28, 2021 Costs for engineering and construction materials rose for the sixth consecutive month in April, pushing the headline IHS Markit PEG Engineering and Construction Cost Index (ECCI) downward to 72.4, a 7.0-point decline from the March figure. Produced by IHS Markit and the Procurement Executives Group (PEG),  the ECCI is based upon data i...

IHS Markit Engineering and construction costs increased for the fourth consecutive month in February, according to IHS Markit and the Procurement Executives Group (PEG). Survey participants in February’s headline IHS Markit PEG Engineering and Construction Cost Index witnessed price escalations for all categories under the materials and equipment sub-index for the second month in a row, after having reported increases in January for the first time since July 2018. According to February's Index: Copper prices continued to increase, recording the eighth consecutive month of rising pri...