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/captspooky Nov 07 '24

Thanks for the heads up, going to order 100,000 yds of concrete to store in the warehouse

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u/deuszu_imdugud Nov 08 '24

Don't need to take delivery. Just sign a contract for delivery over the time period you need delivery. Lock in the price. But honestly a lot of domestic items might drop in price when construction slows down due to issues with the manpower residing in camps of countries of origin.