Are material price hikes evaporating your budget?
A recent article by Homebuilding & Renovating has warned that construction material shortages will continue throughout the year, creating challenges for businesses right across the supply chain.
Are material price rises and stock shortages putting pressure on the delivery of your project?
We’ve picked out the highlights for you:
- The cost of building materials and components rose by almost 7.8%.
- Construction products in short supply include: cement, steel, timber, electrical components, concrete, paint and plaster and plasterboard.
- Structural steel increased by 17.6%, timber by 80%, cement by 30% and chipboard by 10%.
- 82% of the Federation of Master Builders’ members have reported material price rises.
- Materials for repair and maintenance work rose by 9% year on year.
- Brexit uncertainty impacted supply, with c. 60% of imported materials coming from the EU.
Visit the link to get all of the statistics. – Homebuilding & Renovating.
Rising material, disposal and labour costs are putting pressure on construction budgets. Costs need to be kept in check to ensure projects are delivered successfully and within budget.
At Calztec, we recommend engaging with us right from the start. Through early contractor involvement (ECI), we work with you and our supply chain partners to deliver an efficient construction programme to ensure material shortages and price rises do not harm your project’s budget.
Fred Winter centre, a pioneering multi use community centre providing services for the homeless.
Time has an effect on our buildings, and it’s good practice to review them for any defects before they become major issues.
