Engineering and Construction Cost Index (ECCI)
The IHS PEG Engineering and Construction Cost Index (ECCI) is based upon data independently obtained and compiled by IHS from procurement executives representing leading Engineering, Procurement, and Construction firms.
The ECCI tracks industry specific trends and variations, identifying market turning points for key projects, and is intended to act as a leading indicator for wage and material inflation specific to this construction and engineering industry.
About IHS (www.ihs.com)
IHS (NYSE: IHS) is the leading source of information, insight and analytics in critical areas that shape today's business landscape. Businesses and governments in more than 165 countries around the globe rely on the comprehensive content, expert independent analysis and flexible delivery methods of IHS to make high-impact decisions and develop strategies with speed and confidence. IHS has been in business since 1959 and became a publicly traded company on the New York Stock Exchange in 2005. Headquartered in Englewood, Colorado, USA, IHS is committed to sustainable, profitable growth and employs approximately 8,000 people in 31 countries around the world.
About PEG (www.peg-eci.org)
The Procurement Executives Group (PEG) provides a forum to identify and address procurement related issues which will improve the effectiveness of the engineering and construction industry. Established in 1994, the Procurement Executives Group has been recognized as an industry authority on procurement, materials management, and subcontracting topics. PEG is actively involved in supporting research efforts related to these topics.