NEGOTIATOR’S TAKE: Construction costs are falling – good time to renegotiate un-awarded projects.
03.15.16 – Washington, .D.C
Construction input prices fell for the eighth consecutive month during February 2016 according to an analysis of the Bureau of Labor Statistics Producer Price Index released today by Associated Builders and Contractors (ABC).
Construction input prices fell 0.6 percent on monthly basis in February and 3.7 percent on a yearly basis. Inputs to nonresidential construction fell even further, declining 0.7 percent from January 2016 and 3.8 percent from February 2015. Prices for eight of the 11 key inputs declined on a monthly basis in February, while nine of the 11 key inputs experienced year-over-year price declines.