Dateline City:
EL SEGUNDO, Calif.
Drop in Oil Prices Leads to Easing of Materials/Equipment Components, Cost Index Finds
El Segundo, Calif. (October 30, 2014) — Current construction costs increased for the 33rd
consecutive month in October, according to IHS (NYSE: IHS) and the Procurement Executives Group (PEG). The headline current IHS PEG Engineering and Construction Cost Index (ECCI) eased to 54.5 percent in October, down from 57.8 percent in September.
Cost pressures for materials and equipment are dialed back after a strong September
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