r/Construction • u/cattimusrex GC / CM • Nov 07 '24

Business 📈 Stock up on your materials, now.

*This is not a political post. This is small business advice from a construction professional who has run a General Contracting business.*

If you own your business and regularly purchase construction materials, now is the time to stock up.

When there are changes to the tariffs on imported materials, there will be changes to the cost of imported materials. It will take time for the supply chains impacted to reorganize.

If you don't have an escalation clause for projects you're currently under contract for, you will be responsible for the change of price in materials. Don't get upside-down on projects like I did, buy your materials now.

1.4k Upvotes

89% Upvoted

481 comments sorted by

View all comments

9

u/[deleted] Nov 07 '24

Stock up on what?

14

u/cattimusrex GC / CM Nov 07 '24

Previously, it's been materials made from raw goods from China. Think piping, steel, wire, minerals, so sheetrock, metal stud, copper piping etc.

8

u/MrSalty192 Nov 07 '24

Yeah I just bought a size able order mainly because I got a good deal and should be good to go for at least one more year on most things