Collection

Construction price and cost indices

This series brings together all documents relating to BIS construction price and cost indices.

Contents

  1. Documents

The quarterly construction price and cost indices (PCIs) are produced for use in estimating, cost checking and fee negotiation on public sector construction works. Responsibility for the production of PCIs transferred to the Office for National Statistics (ONS) on 1 April 2015.

Please contact ONS by emailing if you have any questions about the indices.

Transfer of construction price and cost indices from BIS to ONS

The transfer was announced by ONS and Department for Business, Innovation and Skills (BIS) on 13 March 2015. ONS is now responsible for managing the existing contract with Aecom, the company BIS contracted to make improvements to the existing methodology and to collect data and compile the indices. ONS is responsible for setting out plans for improvements to methods and to reinstate regular publication of the construction PCIs and their reassessment against the code of practice for official statistics.

BIS continues to be a user of the PCIs, and of other ONS statistics on the construction industry, and will provide input and support to future PCI developments.

Consultation on improvements to construction price indices

In July 2014, BIS gathered views on a proposed new approach to deriving input costs and market indicators to adjust input costs to output prices. View details of the consultation and our response.

Suspension of publication of construction price and cost indices

BIS has decided that the new construction input cost indices (ICI) and output price indices (OPI) previously announced for publication on 12 December 2014, will not now be published. This will be while further work is carried out.

Over the last year BIS has undertaken a significant programme of work to introduce new and improved methodologies to replace the previously published tender price indices, resource cost indices and output price indices. Following the consultation in July 2014, BIS and its contractors Aecom have been working to implement suggestions to improve the proposed ICI methodology. Following a final quality assurance of the new indices BIS has concluded that they are not yet sufficiently reliable for publication. We apologise for any inconvenience caused.

BIS will continue to work closely with Aecom and other experts to ensure that the new indices are available as soon as possible. Office of National Statistics (ONS) will continue to publish implied output price indicators in their monthly release on output in the construction industry. A revised publication date will be announced in due course.

Documents

  1. Construction price and cost indices: new methodology

    • Research and analysis
  2. BIS quarterly construction price and cost indices: July to September 2014

    • Statistics - national statistics
  3. Construction price indices: improvements

    • Guidance
  4. BIS quarterly construction price and cost indices: January to March 2014

    • Statistics - national statistics
  5. BIS quarterly construction price and cost indices: quarter 4 2013

    • Statistics - national statistics
  6. BIS quarterly construction price and cost indices: quarter 3 2013

    • Statistics - national statistics
  7. BIS quarterly construction price and cost indices: quarter 2 2013

    • Statistics - national statistics
  8. BIS quarterly construction price and cost indices: quarter 1 2013

    • Statistics - national statistics
  9. Uses of construction prices and cost indices: results of BIS consultation

    • Research and analysis
  10. BIS Quarterly Construction Price and Cost Indices: Quarter 4 2012

    • Statistics - national statistics
  11. BIS Quarterly Constuction Price and Cost Indices: Quarter 3 2012

    • Statistics - national statistics
  12. Quarterly price and cost indices: commentary 3Q 2012

    • Statistics
  13. Construction tender prices indices December 2012

    • Statistics
  14. Construction resource cost indices - December 2012

    • Statistics
  15. Construction output price indices - December 2012

    • Statistics
  16. Construction resource cost indices notes and definitions

    • Statistics - national statistics
  17. Construction tender price indices (TPIs) notes and definitions

    • Statistics
  18. BIS prices and cost indices

    • Statistics - national statistics