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Drop in Oil Prices Leads to Easing of Materials/Equipment Components, Cost Index Finds

Posted October 31, 2014 9:35 AM

From IHS Engineering360: Engineering News & Analysis - Latest News Articles:

Current construction costs increased for the 33rd consecutive month in October, according to IHS and the Procurement Executives Group (PEG). The headline current IHS PEG Engineering and Construction Cost Index (ECCI) eased to 54.5% in October, down from 57.8% in September.

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