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Keep up to dateBy Dave Rogers2022-03-21T10:43:00
Source: Shutterstock
Escalating costs ‘the worst since the 1970s’, bosses warn
Contractors are warning clients they will be unable to fix prices on jobs for the next few months as inflation costs fuelled by the war in Ukraine rocket to sky-high levels.
Firms were already facing a welter of challenges to keep costs within agreed budgets but Russia’s invasion of Ukraine and the impact on energy prices has led some to call this the worst period for inflation since the 1970s.
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