Materials Cost Continues to Climb

While the cost of lumber has seen a slight drop in price, other material costs are still skyrocketing. Natural gas is up 146.7%, petroleum is up 102.9% and steel mill products are up 108.6% on the year. Without an end in sight, companies need to assess these increases and plan successfully for future projects. A well written contract with the proper material contingencies is the best start to protect your business. Keep reading here.