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Economists polled by Reuters had forecast construction spending would advance 0.2% after being previously reported as unchanged in November. Construction spending increased 4.3% on a year-on-year ...
Intratec Chemical Plant Construction Index, IC: a process plant construction index developed by Intratec, a chemical consulting company. Although cost indexes do not usually forecast future escalation, the IC Index stands out for presenting a smaller delay between release date and index date, besides a 12 months forecast. [ 8 ]
The Commerce Department's Census Bureau said on Monday construction spending rose 0.4% after an unrevised 0.1% gain in September. Economists polled by Reuters had forecast construction spending ...
Cost escalation can be defined as changes in the cost or price of specific goods or services in a given economy over a period. This is similar to the concepts of inflation and deflation except that escalation is specific to an item or class of items (not as general in nature), it is often not primarily driven by changes in the money supply, and it tends to be less sustained.
Equipment - (1) a category of cost for organizing and summarizing costs, (2) construction equipment used to execute the project work, (3) engineered equipment such as pumps or tanks. Escalation is defined as changes in the cost or price of specific goods or services in a given economy over a period. In estimates, escalation is an allowance to ...
Economists had forecast construction spending would rebound 0.7%. Construction spending increased 10.7% on a year-on-year basis in February. (Reporting by Lucia Mutikani; Editing by Chizu Nomiyama ...
Many major construction projects have incurred cost overruns; cost estimates used to decide whether important transportation infrastructure should be built can mislead grossly and systematically. [2] Cost overrun is distinguished from cost escalation, which is an anticipated growth in a budgeted cost due to factors such as inflation.
Economists had forecast construction spending rebounding 0.2% after a previously reported 0.1% fall in April. Construction spending increased 6.4% year-on-year in May.