Materials and equipment prices continue to drag down overall construction costs in 2015, according to IHS and the Procurement Executives Group (PEG). Prices for copper-based wire and cable, carbon steel pipe, and fabricated structural steel registered the weakest performance.
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Report: Cement, Ready-Mix Prices Remain Elevated
Current construction costs rose for the 31st consecutive month in August according to IHS and the Procurement Executives Group (PEG). The current IHS PEG Engineering and Construction Cost Index (ECCI) registered 53.0 percent in August, softer than the July reading, but still in positive territory.
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