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Update on Construction Price and Cost Indices Development

On 1 April 2015, the Office for National Statistics (ONS) took responsibility for the production of the Construction Price & Cost Indices (PCIs) from the Department for Business, Innovation and Skills (BIS). This transfer of responsibility included the management of the existing contract with AECOM. The contract’s duration was 2 years until 30 June 2015, with an option to extend for a further 2 years.

After a review of the contract, taking account of the work ONS has undertaken since 1 April to develop intermediate construction price indices, it has been decided not to offer AECOM an extension to its contract beyond 30 June 2015, but to continue to develop a long-term solution in-house.

On 8th May ONS published an article (254.5 Kb Pdf) describing an interim method for Construction Output Prices for use in the production of New Orders and Output in the Construction Industry. As set out in that article, ONS will continue to work with users to consider the best approach to develop new methods in the long term. ONS will publish full plans for this long-term development by the end of 2015.

ONS wishes to thank AECOM for all the work they have completed on PCIs over the last two years.

 

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