Construction Accounting & Taxation published an article from Construction Leader Joseph Natarelli and Chief Construction Economist Anirban Basu, about inflation and the likely increase in materials prices.
Construction Accounting & Taxation
By Joseph Natarelli, National Construction Industry Group Leader & Anirban Basu, Chief Construction Economist
Excerpt:
Contractors should be on guard as they enter into new contractual arrangements. Given diminished backlog and fewer bidding opportunities for many contractors, there may be a temptation to take on the risk of price spikes for materials to enhance the probability of securing additional work. It is conceivable that such strategies will end up working out just fine but the risk of poor outcomes is presently elevated.
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