Unless you've had your head buried in a AB material stockpile, you know inflation and cost increases have been hitting the construction industry from all angles. Overall costs to contractors have increased by nearly 13% while pricing to clients has stayed relatively constant. Diesel has spiked 114% and PVC costs have exploded by 270%. Along with these cost increases, lead times have been varied and increased at the same time. Past trends indicate that the costs will decrease (often in conjunction with a dip in overall construction demand). Construction pros can't control material costs in most cases but we can get the latest and greatest cost and lead time info to clients to help them budget projects correctly and to help make sure we can accurately price projects without straining relationships and project teams.
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