IPA’s Historical Escalation Trends are developed using client-provided data in conjunction with data from different statistical groups around the world such as EuroStat and the U.S. Bureau of Labor Statistics (BLS). These historical trends are an integral part of our Cost Normalization process. We have developed curves for a number of equipment and bulk materials scopes as well as world open market engineering and construction labor.
IPA’s Market Forecasting newsletter is a subscription-based service that uses our historical escalation trends to predict future escalation. The historical escalation trends are provided to clients free of charge on a quarterly basis via the IPA Newsletter. Clients use this historical information to help determine future escalation factors to use in developing estimates as well as in choosing an execution site from a portfolio of possible locations. The historical trends are free to clients because we recognize that you are unable to determine where to go without knowing where you have been.