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Conventional wisdom says that construction material prices increase slightly year-over-year. The thinking goes that, as long as supply chains aren’t interrupted, material prices will roughly match the rise of cost-of-living and inflation rates.
Just 10 minutes south of the Kennedy Space Center in Merritt Island, Florida, stands a sandy-colored building with oak trees in its parking lot that serves as office of Nelson Engineering Co.
Cpnstruction disruptions now are seen, including component shipments to North America, delays on China Belt and Road megaproject, halted industry travel in Europe and respirator mask shortages.