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Will a potential shortage of construction materials have an appreciable affect on the costs of work to be done?

April 26, 2017affect appreciable Construction costs Materials potential shortage

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Will a potential shortage of construction materials have an appreciable affect on the costs of work to be done?

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A. There are regular inflationary pressures in the construction industry. Our estimates are based on current actual costs that we are seeing in bids but appropriate escalation adjustments are made for anticipated inflationary pressures and the anticipated bidding schedule.