Construction Cost Indices for August 2002
Construction Industry Development Council (CIDC) has been computing Construction Cost Indices (CCI) for the 4 metros and Hyderabad and Bangalaore cities. The indices are computed for the construction works in Building, Bridges, Dams, Medium Industry, Maintenance, Roads, Mineral Plant, Urban Infrastructure, Power, Railways and Transmissions sectors. The base year is January 1998 with the base index being 100.
The month of August to September every year generally witnesses a reduction in construction activities. The month of August saw a decline in cost of both cement and steel, the two most important materials used in construction works. The cost of cement has decreased by (-)2.5% to (-)8% over the country, depending on the region. Steel prices have also declined by (-)1% to (-)2%. But the construction cost indices has shown a decrease by (-) 0.12% only.
This is because the labour cost has increased and is also reflected in the Consumer Price Indices (CPI) released by Central Statistical Organization (CSO). The CPI for Urban Non-Manual Employees [CPI (UNME)] are as follows (base 1984-1985=100):-
| The Labour Bureau, GOI have also released the following All India Average Consumer Price Index number for Industrial works as follows (base 1984-1985=100):
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The balancing between the decrease in price of cement and steel and the increase in Consumer Price Index has lead to an average fall of 0.12% in CCI.
| CITY | Average Indices for all sectors for July 2002 | Average Indices for all sectors for August 2002 | % Variation between July 02 & August 02 | % Variation between Jan. 1998 (base Year) & Aug.02 |
| Delhi | 109.49 | 109.37 | -0.11 | 09.37 |
| Kolkata | 112.62 | 112.49 | -0.12 | 12.49 |
| Chennai | 108.85 | 108.72 | -0.12 | 08.72 |
| Hyderabad | 116.27 | 116.13 | -0.12 | 16.13 |
| Bangalore | 110.55 | 110.42 | -0.12 | 10.42 |
| Mumbai | 119.81 | 119.65 | -0.13 | 19.65 |
The national average variations in Cost of Construction during the period mentioned below for different sectors are given as under:
| Sector | Sector wise Indices for August 2002 |
Sector wise Indices for July 2002 | Sector wise Indices for August 2002 | %Variation between Jan 1998 (base year) & August 2002 |
| Buildings | 113.69 | 113.56 | -0.11435 | 13.56 |
| Bridges | 113.34 | 113.21 | -0.1147 | 13.21 |
| Dams | 113.74 | 113.60 | -0.12309 | 13.60 |
| Medium Industry | 113.12 | 112.99 | -0.11492 | 12.99 |
| Maintenance | 111.74 | 111.61 | -0.11634 | 11.61 |
| Roads | 116.15 | 116.01 | -0.12053 | 16.01 |
| Mineral Plant | 112.26 | 112.13 | -0.1158 | 12.13 |
| Urban Infrastructure | 111.23 | 111.10 | -0.11687 | 11.10 |
| Power | 112.38 | 112.25 | -0.11568 | 12.25 |
| Rail | 112.48 | 112.35 | -0.11558 | 12.35 |
| Transmission | 112.10 | 111.97 | -0.11597 | 11.97 |
Overall National Average Increase in Cost of Construction for all sectors since the base year till August 2002 is: 12.79 %
Overall National Average Cost of Construction has decreased by 0.12% from July 2002 to August 2002.
Construction Cost Indices for August, 2002 (Base = 100.00, Dated Jan. 1998)
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For any clarifications please contact:
Anil Chadha - Sr. Project Officer,
CIDC
[Tel (Delhi) 6451766, 6234770 (R) 5100993]
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