If you thought that upward pressure had already been terrible (it was), you might want to plan for the idea that it could get worse (it has).

This is according to the IHS Markit PEG Engineering and Construction Cost Index.

The ECCI "is a diffusion index based on data independently obtained and compiled by IHS Markit from procurement executives from leading engineering, procurement, and construction firms." The executives come from the Procurement Executives Group, a professional association of people in engineering and construction procurement.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

National
Development
Midwest
Northeast
Southeast
Southwest
West