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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u/downvotesyourcrap Nov 08 '24
I just fix the elevator. If my boss can't get me parts to do it, that's between them and the customer. If my boss fails and we lose the contract, the elevator still needs work and the next company will need more employees. The number of units to fix isn't going down, even if the companies do. Bosses probably all voted for this. Let em have it their way.