Building Costs are Up Again
Friday, August 25, 2006
Rising fuel and materials costs are really affecting many contractors in our network, cutting into profit margins. At ConstructionDeal.com, we would like ask all of our service professionals how you are handling the cost increases? We want to put together a list of "best practices" from our company owners and managers. We will publish as much information as we can here on the Contractor Update blog.
We're aware that costs are up across the board. It's more than just fuel costs. Lumber, concrete, and more have jumped higher. Charges have increased for delivery, waste disposal, and even insurance. Natural gas, heating oil, electricity are even higher.
Many contractors say they have been delaying raising prices but plan to do so in the near future. What are the plans for your company? Let us know if you're raising prices, adding fuel surcharges, or increasing service call fees. Or are you doing a combination of all the above? Feel free to email us on how your company has been handling business so that we can pass it on to our network. You can also enter a "comment" on this post.
We would like to know everything you have to share about your business. Have you lost bids due to higher prices? Have you reduced your company travel radius? Have you had to cut down on the number of employees or subs? Email, post here, or call us (866-663-4711), when you get the chance, and share your experiences.
