The Battle of Material Costs for Construction Contractors
Let’s face it, bidding and winning the most profitable projects can be tricky if your suppliers’ pricing or your labor projections are not kept up-to-date. If your construction bids are not optimized for market-fueled changes, how will you ever make sure fluctuations don’t wreak havoc on your profitability?
Clearly, contractors must walk a fine line when it comes to dealing with sudden changes in material and labor costs. No contractor wants to end up struggling to determine whether to make material substitutions or change to another supplier.