SPECIAL RELEASE 2, PENINSULAR MALAYSIA (FOR BUILDING AND STRUCTURAL WORKS)
The Building Materials Cost Index (BCI) is a special purpose index which is based on the Laspeyres formula. It is designated to measure the average rate of change in prices of selected building materials utilized in eight categories of building in six regions of Peninsular Malaysia.
The BCI is relevant only for application of the Price Variation Clause in government building contracts. The specifications and weightage pattern for selected building materials by category of building are determined by JKR. Approximately 3200 price quotations are collected monthly from about 545 outlets for 164 selected building material items.
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