General Contractors Facing Material Shortages in 2021 Q3
Niko Raptis
The most recent U.S. Chamber of Commerce Commercial Construction Index found a record 93% of general contractors were facing at least one material shortage in the third quarter.
98% of contractors have also said cost fluctuations for building materials are causing a negative impact on their business. This shortage affects multiple levels of real estate. Whether it be a contractor having trouble getting materials for a new build, or even a vendor having to wait on glass to fix a window, this shortage has a huge impact on not only real estate, but the overall economy as well.
I have seen this type of contractor backup and backlog before. No matter if it is materials or time our contractors are facing a very difficult stretch . We try very hard to make our contractors jobs and lives as easy as possible. They are our life blood. Take great care of your valued contractors. Give them as much lead time as possible. Pre-plan. Try to push as many jobs out to meet their schedule as possible. Strong communication and detail for job scope is critically important to the contractors time and efficiency. Of course pay them on time and what they are worth. We are blessed to work with an incredibly talented and skilled network of contractors, not too overlook, these contractors are great humans. If you find the need for a management company that offers a solid network of contractors and vendors, or just need a referral. Give us a call 206-203-4602.
Read more here: https://www.bizjournals.com/seattle/news/2021/09/29/construction-materials-shortages-pandemic.html
Source: Puget Sound Business Journal
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