The Construction Costs Indexes are sub-divided in residential construction and engineering public works or infrastructure indexes. The main indexes relative to residential construction are: National Construction Cost Index (INCC), Construction Cost Index of Rio de Janeiro (ICC-RJ) and Buildings Index.
• National Construction Cost Index (INCC)
It is one of the three items that constitute the General Price Index (IGP), representing 10% of the index. Its publication started in February 1985 as a result of the unification of the older Construction Cost – Rio de Janeiro Index (ICC-RJ) with the Building Index series that is geographically more inclusive. Like the IGP, there is also the INCC version for the market (INCC-M).
• Construction Cost Index – Rio de Janeiro (ICC-RJ)
It is the oldest index referring to residential construction calculated by the FGV. Published since 1950, with estimates down to 1944, it was one of the thee fractions of the IGP until January 1985. It is still published separately but it is also a fraction of the INCC.
• Building Index
It was started in 1974 including 8 capital cities, allowing a larger territorial inclusion of the evolution of the construction costs. Although it is coincident with the INCC, it is also published for those who use it due to contractual reasons. It is also known as the 35 column of the Revista Conjuntura Econômica.
The construction costs include also the engineering public or infrastructure works. The main indexes calculated by the FGV are: Road and Hydroelectric Works. These indexes are calculated by the FGV through agreements with public organs.
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