Construction Cost Index in Sumatera Utara Province 2023

The 2023 North Sumatra Province Construction Cost Index publication is an annual publication that contains information on Provincial and Regency/City Construction Cost Index (IKK) figures in North Sumatra. IKK is a price index that describes the level of expensive construction in a district/city compared to a reference city. The reference city used in 2021, 2022 and 2023 is Makassar City. The previous reference cities were Semarang City in 2018-2020 and Surabaya City in 2018-2020
2015-2017. The data presented in this publication was obtained from the results of the Construction Cost Price Survey (SHKK) specifically for building/construction materials, heavy equipment rental, and wages for construction services carried out in districts/cities in North Sumatra. The data processed comes from price data for the third and fourth quarters of 2022 and the first and second quarters of 2023. The calculation of the IKK weighing diagram uses data from the Bill of Quantity (BoQ), the Work Unit Price Analysis Book of the Ministry of Public Works and Public Housing, and data on the realization of the Regional Revenue and Expenditure Budget (APBD). The 2023 IKK is one of the main components used to calculate the General Allocation Fund (DAU) for the 2024 Fiscal Year.