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Vanilla 1.1.4 is a product of Lussumo. More Information: Documentation, Community Support.

    • CommentAuthorYumy
    • CommentTimeSep 4th 2017 edited
    Construction costs fell in May, according to IHS and the Procurement Executives Group (PEG). The current headline, IHS PEG Engineering and Construction Cost Index (ECCI), registered 47.9 in May, up from April’s reading. It remained below the neutral mark. The headline index has not indicated rising costs since December 2014.

    The current materials/equipment index registered 47.4 in May, an improvement from April, but still consistent with overall softer prices. Five of 12
    individual components registered falling prices during the month, with the lowest readings in carbon steel pipe and fabricated structural steel.
    Jason Kaplan, IHS senior manager, says steel plate prices continue to be depressed by a combination of low demand and strong supply.

    Six components showed higher prices in the materials/equipment index in May, led by ready-mix concrete. Copper-based wire and cable showed higher month-on-month prices for the first time since September 2014.
    The current subcontractor labor index registered 49.0 in May, on par with the April reading, and still below the neutral mark. The majority of regions registered flat labor costs in May, continuing a trend. Nevertheless, tightness in skilled labor markets was reported in the U.S. Gulf Coast.

    The six-month headline expectations index stabilized in May. It rose to 50.3 after hitting a low record of 44.6 in April. Expectations for subcontractor labor rebounded to 55.8 in May after hitting a low record of 47.4 in April. Western Canada was the only major exception.

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    • CommentAuthorYumy
    • CommentTimeSep 4th 2017
    Falling Steel Prices Weighed on May Construction Costs