Surviving Construction Inflation With a Savvy Business Plan | Daily … –

Content Type
Limit Search to
About Us |  Contact Us |  Site Map
Advertise |  Customer Service |  Terms of Service
FAQ |  Privacy Policy
Copyright © 2021 ALM Global, LLC.
All Rights Reserved.

Surviving inflation will take some savvy business maneuvering and an understanding of the ebb and flow of inflation as a whole.
November 29, 2022 at 11:03 AM
5 minute read
Board of Contributors
In today’s economy, inflation is greatly affecting nearly every industry. The construction industry has not escaped the crushing results of record-high inflation, leaving many contractors worried about what’s to come. The cost of necessary construction materials as well as the labor needed to complete jobs has skyrocketed. The inflation rate for construction was 3.4% in 2019 and has jumped to a whopping 12.8% in 2022, affecting both residential and commercial building, hiring and job competition. So, how do contractors and construction companies ride this wave of record inflation? Is there relief for the construction industry somewhere in the near future? Surviving inflation will take some savvy business maneuvering and an understanding of the ebb and flow of inflation as a whole. 
Preparing for the inevitable has become even more important in our post-COVID economy. We have all witnessed how the business climate can change on a dime. The country has not seen inflation similar to what we are currently experiencing since 2008, at the precipice of the Great Recession. Construction companies have been grappling with rising costs since the beginning of the pandemic caused by unprecedented supply chain issues and spiking demand for newly constructed homes, renovation services, and work prodded on by President Joe Biden’s infrastructure bill

Already have an account? Sign In Now
Click here to access the Public Notices and the Courts sections of the The Daily Business Review in PDF format.
By Jim Saunders
By Daily Business Review
By Erin Fogarty and David McDonald
By Jim Saunders and Jim Turner
Law Firms Are Tweaking Partner Comp Reviews to Reward Collaboration
The American Lawyer
Lawyer Arrested and Indicted: Attorney Accused of Embezzling $450K From Clients
New York Law Journal
Paul Hastings, Recruiting From Weil Again, Ramps Up Strategy of Finance Practice
The American Lawyer
Georgia Judge Has Died: Friends and Colleagues React to Death of ‘a Great Man’
Daily Report Online
Some Law Firms Offer ‘Superstar’ Bonuses as Many Others Tread Carefully Amid Uncertainty
The American Lawyer
License our industry-leading legal content to extend your thought leadership and build your brand.
Presented by BigVoodoo
The Global Leaders in Consulting awards are for those who are making a big impression within the industry, but also worldwide.
Aimed to help Insurers prevent, prepare and prevail In adjudicating complex claims, negotiating settlements and winning cases.
Women, Influence & Power in Law UK Awards honors women lawyers who have made a remarkable difference in the legal profession.
Shipman & Goodwin LLP is seeking two associates to expand our national commercial real estate lending practice. Candidates should have …
We are seeking an attorney to join our real estate practice in Stamford or Hartford. Candidates should have a minimum of five years of exper…
Health Law Associate CT or Remote Shipman & Goodwin LLP is seeking an associate to join our national longstanding health law prac…
MCOMBER & MCOMBER ESQS would like to announce…
THE TOSCANO LAW FIRM, LLC Proudly Welcomes The Honorable Michael A. Petrolle, J.S.C. (Ret.)
YETTER COLEMAN LLP: Thank You! For the past quarter century, we ve had the privilege to practice commercial litigation here in Texas and around the country.
Don’t miss the crucial news and insights you need to make informed legal decisions. Join Daily Business Review now!
Already have an account? Sign In
The industry-leading media platform offering competitive intelligence to prepare for today and anticipate opportunities for future success.



Learn More →

Leave a Reply

Your email address will not be published. Required fields are marked *