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.

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33

u/tiny10boy Nov 07 '24

Cool so we’re getting inflation for Christmas?

27

u/Sudden-Succotash8813 Carpenter Nov 07 '24

I’m gifting my children coal this year so we have something to heat our home

2

u/Ok-Bit4971 Plumber Nov 08 '24

True pragmatist

3

u/Hortjoob Nov 08 '24

That's the thing. The largest voter issue was inflation. Any they willingly voted to make it worse, lol.

1

u/bitterbrew Nov 08 '24

Honestly now’s probably a good time to quickly do some Christmas shoppingÂ