In the past, the supply chain crisis was seen as a problem exclusively for businesses that manufactured construction materials. However, engineers, architects, and others are now beginning to recognize that this crisis will affect them in the coming years.
A recent survey by Dodge Data & Analytics found that a significant majority of contractors (93%) indicated that their projects had been affected by rising construction costs due to supply chain issues.
Did You Know: US contractors rely on overseas supply chains to source materials.
It is stated that reliance on overseas construction materials has significantly left U.S. contractors susceptible to long lead times and extreme price volatility since the pandemic slowed global supply chains.
Supply chain issues leading to cost overruns, delivery delays, and disruption have become commonplace in almost every sector. Delays, malfunctions, and re-work can have a devastating effect on the success of a project. To keep your supply chain competitive, you must always seek practical solutions.
- Developers not only have to adapt to inevitable delivery delays and rising costs, but general contractors have learned they must come to the pre-construction process equipped with options to decrease wait times and budgets.
Communication with clients and trade partners in today’s climate is vitally important.
Many issues can be resolved or avoided altogether with effective communication practices. Maintaining open lines of communication and coming armed with options are vital techniques to set up a project for success.
STONEPILEllc—The Premier Choice for Construction Education
STONEPILEllc was founded by Dr. Garry Vermaas and Dr. Jodi Vermaas in 2019 with the mission to harness the power of innovation, technology, and experience to train the next generation of construction leaders in values-based perspectives, success-oriented knowledge, and real-world construction skills.
STONEPILEllc Online Construction College is a private online higher education institution that offers an Associate in Applied Science in Construction, a Bachelor of Applied Science in Construction, and a Master of Applied Science in Prefabrication, Modular, and Offsite Construction. Our Trial 5 Program lets students try five weeks of school at no cost!
Founder I Disruptor I Mother of 12
*All images courtesy of BASE4
Stay connected on our social media.