Someone suggests splitting the bill, even though every instinct you have is screaming, “GO DUTCH!”
You don’t want to come across as cheap.
It’s time to stop footing the bill for things you aren’t obliged to pay.
In this video, Barbara Hilgers our COO explains how we need to stop footing the bill for rising construction costs.
You can check it out or take a brief minute to read on.
The bottom line is materials are going through the roof.
- Metal ores, plastics, and timber have risen consistently for years
- Factory shutdowns owing to Covid have exacerbated costs
- Steel and timber have experienced price surges because of supply and demand issues
- Electrical products, PVC, and roofing materials have gone up
- Market volatility across certain products, especially timber, which has seen huge price fluctuations
When markets are volatile and you need to know how to respond.
Know when to “go Dutch”, and stop splitting the bill for fear of appearing cheap. Stop paying for things that you shouldn’t be paying for, and protect your all-important cash flow.
Here are some practical ways you can help to mitigate inflation woes:
- 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
