26
04 '22
With soaring energy prices, interest rate rises, some huge hikes in the cost of materials and the continuation of labour shortages, many construction industry businesses could be in for some turbulent times this year.
In many cases, the cost pressures are made worse by the fact that contractors are both tied into existing work which was based on estimations set well before the current price rises and are also busy looking at how they can respond to invitations to tenders in ways that make the jobs viable within the current circumstances. In today’s blog, we’re taking a look at what construction businesses (and those who work within them) can do to face this challenge.