Global information provider IHS and the Procurement Executives Group (PEG) have teamed up to create the Engineering and Construction Cost Index (ECCI). The Procurement Executives Group is a forum and authority on procurement, materials management and subcontracting topics to the engineering and construction industry. Scott Lockhart, IHS vice president, operational excellence and risk management, states why the ECCI will provide value. “Trying to manage all of the market drivers and dynamic forces that introduce variability into material, equipment and labor supply is extremely difficult. The IHS PEG Engineering and Construction Cost Index provides powerful insight on cost trends that enable faster, more confident decisions that drive operational excellence.” Click here for more information on the ECCI. Here is the IHS PEG ECCI for October 2013.
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