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Despite several years of recovery, construction inflation is still feeling the impact of the recession that reduced the number of subcontractors and, in turn, still is pushing up bids.
On DemandPrice inflation, higher labor costs and materials scarcity are key issues for building teams today, often prompting such negative outcomes as owners rebidding projects when numbers don't come in on budget, broken contracts and even price gouging. We'll explore methods firms are using to successfully deal with this issue.