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By Scott Jenkins | November 27, 2024
The preliminary value for the CE Plant Cost Index® (CEPCI) for September 2024 (most recent available) decreased slightly compared to the previous month’s value. The decline — the third consecutive monthly decrease — was driven mostly by a fall in the Equipment subindex. The Buildings subindex also fell, but by a smaller margin. The Construction Labor subindex rose in September,… MORE
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Since 1963, the chemical process industries (CPI) have used Chemical Engineering‘s Plant Cost Index (CEPCI) to adjust process plant construction costs from one period to another. Today, however, they have the ability to retrieve CEPCI data more promptly and on demand than the old method of searching for old copies of the magazine or waiting for the next one to arrive with new data.
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