An Inflatable Life Raft for Inflation

Whatever continent you’re on, you can’t hide from it. Inflation. It’s coming for all of us. ​
An Inflatable Life Raft for Inflation

And for others, inflation is joined by the pariah of the family, stagflation.

Stagflation is rising inflation coupled with slow economic growth and unemployment. It offers a bleak picture. 

According to the UN, the global economy could be about to hit crisis mode – the aftermath of a global pandemic, and the war in Ukraine.​

The world economy is suffering and there’s a downgrade in growth prospects. The World Bank predicts that global growth will drop nearly 6% from last year to just under 3%.

For many countries, inflation is the highest it’s been in decades.

You know the inflation drill – rising food and energy costs have a knock-on effect.

And in the construction industry, this spells a myriad of issues:

  • Rising material costs
  • Rising labour costs
  • Competing against unrealistic bids for tenders
  • Uncertainties regarding future costs

How do you help to mitigate these issues?

  • Do thorough project budgets around the most accurate pricing you have available
  • Factor inflation into your bidding process
  • Discuss risks with Tier 1’s and stakeholders
  • Factor in supply chain uncertainties
  • Negotiate completion timelines
  • Weigh up stockpiling
  • Be on top of insurance policies to minimize risk
  • SECURE BETTER CONTRACTS

Luckily we’re here to help with all your contractual needs so that you can navigate inflation and stagflation.

GET HELP SIGNING SUBSTANTIALLY LESS RISKY CONTRACTS BY CLICKING THIS LINK: https://quantumcs.co/guaranteearticle

Get the Contracts System That Construction Company CEO's, MD's & GM's Have Been Talking About

Scroll to Top