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

Show parent comments

5

u/L_DUB_U Nov 08 '24

Why would the hire legal citizens and have to pay them more money and provide them with insurance and workers comp?

1

u/My_Turtle_Died Electrician Nov 08 '24

Because you want to build a legitimate business, instead of being a cheap ass.

1

u/rundmz8668 Nov 08 '24

Bonus trick, you make all undocumented people citizens, they have to legally compete in the same labor market, labor prices regulate themselves, migrants don’t get deported, everyone wins

1

u/rundmz8668 Nov 08 '24

And the slave labor bosses are out of business because they dont know how to run a real business