In this episode of “If Walls Could Talk,” Jill Bloom speaks with W&C’s legal expert Trent Cotney regarding material volatility, which hasn’t disappeared from the hardships for contractors. In fact, contractors should anticipate material increases—in particular storage costs. It’s causing a glut in inventory. And storage prices have gone up.
According to Cotney, the industry has a lot of issues with shipping containers being full as contractors don’t know where to put it. It’s going to be a while for when the demand catches up with the supply.
Is it the manufacturers that are handling the biggest storage or is it also the contractors that have taken up the brunt of that?
“It’s across the board. The primary impact is in the shipping itself. Let’s say you[re a contractor, the cost of that storage will go up significantly.”
Listen more to this discussion on materials.
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