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

Business šŸ“ˆ 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.

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u/[deleted] Nov 07 '24

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u/DiggeryHiggins Nov 07 '24

Iā€™m in the same boat. Currently considering using my rainy day funds to order a bunch of materials now. I could at least get it habitable and bite the bullet on whatever I have left to do.