A contractor’s view on volatile prices

By Maurice Archer 2022-01-21T07:00:00

Unpredictable labour and material costs are a huge risk to projects so you need effective mitigation plans

Our industry is facing unprecedented times, with the impact of both Brexit and covid-19 restrictions being felt among main contractors and our supply chain alike.

The current market is very volatile and unpredictable, with significant cost movements impacting labour and materials rates and prices at very short notice.

By way of example, contractors and subcontractors had an unwelcome Monday morning shock recently when a global steel producer announced a 16% price hike to come into effect immediately.

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