Construction Costs to Increase 8% in 2008?
If the Associated General Contractor’s report is right, we’re set for a steep increase in construction costs for 2008 due to a rise in material costs and current problems in the credit markets.
Costs could rise as much as 8%… and you know that any increase in material costs will result in an increase in theft. Just look at what happened when the price of copper rose so dramatically.
To minimize material costs be sure that you implement construction site security before your job begins and not after you learn the hard way that meth heads got into your materials for tens of thousands of dollars plus down time.
To better prepare for rising costs here are a few resources that should get you thinking in the right direction:
AGC’s Construction Inflation Alert (PDF)
Cutting The Fat - Slow Down Survival Tips
Studies Reveal Reasons For Low Productivity
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