Plant Construction Index for Cost Escalation
Update Plant Construction Costs Estimates in USA
About this Index. The IC Index stands for Intratec chemical plant Construction Index, an indicator, published monthly by Intratec, which enables users to scale capital costs from one time period to another. The index reconciles prices trends of fundamental components of a chemical plant construction such as labor, material and energy, providing meaningful historical and forecast data for users. Covering historical figures and near term forecasts of up to twelve months, the IC Index is a handy tool for a series of purposes, like cost estimation, feasibility studies and investment analysis.
How to Use this Index. Using IC Index is quick and easy! See an example below:
Suppose you know that the construction cost of a given industrial plant in the USA, back in April 2004, was USD 210 million. However, you need to know how much the cost would be in February 2009.
To update a plant construction cost from April 2004 to February 2009, you just have to multiply the construction cost in Apr 2004 (USD 210 million) by the ratio of IC index at Feb 2009 (141) over the IC index in Apr 2004 (116), as expressed in the equation below:
Construction Cost in Feb 2009 = Construction Cost in Apr 2004 * (IC Index at Feb 2009) / (IC Index at Apr 2004)
By applying this equation, you would quickly learn that the construction costs in February 2009 would be approximately USD 255 million.
Customer will be able to access data until the end of the billing period. Therefore, customer will not be entitled to a refund when canceling a subscription plan.
Short-term IC Index Forecast
Subscribers to the "Intratec Construction Index" Plan will have access to short-term forecast data for the Intratec Construction Index.
Subscribers to the "Indexes Full Access" Plan will also have access to short-term forecast data for the Steel Price Index and for the Location Factors.
Subscribers to the "Indexes Full Access - Annual" plan are able to clear doubts with our experts. The technical support is provided as follows:
- Communication is conducted exclusively via email, client will email his doubts and responses will be emailed back by our support team.
- Responses are provided by our support team in 3 business days.
- Technical Support is limited to 4 man-hours from Intratec Experts per month, during subscription term (roughly equivalent to 5 specific questions per month).