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Category: Procurement


Construction Processes, Procurement

Contractors find new ways to cope with elevated lumber prices

September 16, 2021

Via: Construction Dive

U.S. commercial and residential builders breathed a sigh of relief last month when softwood lumber prices dropped more than 30% after reaching an all-time high in May. Although prices still remain elevated, they have come down to a more manageable […]


Construction Processes, Procurement

Little Letup in U.S. and Canadian Construction Material Cost Increases

August 26, 2021

Via: ConstructConnect

The headlines are no longer screaming about steeply climbing lumber prices. The ultra-sharp gains are over and a pullback phase has settled in. A moderation in price was expected due to housing starts leveling off and home renovation projects being […]


Construction Processes, Procurement

Steep rise in producer prices for construction materials and services continues in July.

August 12, 2021

Via: BDCNetwork

Extreme price increases continued in July for a wide range of goods and services used in construction, according to an analysis by the Associated General Contractors of America of government data released today. Association officials urged President Biden to immediately […]


Construction Processes, Procurement

PPI Measures of Construction Material Costs Are Still Shouting Warnings

July 21, 2021

Via: ConstructConnect

This article focuses on the latest U.S. building material cost increases as laid out in the Producer Price Index data set compiled and published by the Bureau of Labor Statistics. The PPI series measures prices for goods as they leave […]


Construction Processes, Procurement

Producer prices for construction materials and services soar 26% over 12 months

July 15, 2021

Via: Building Design + Construction

Unprecedented price increases for a wide range of goods and services used in construction pushed up contractors’ costs by a devastating 26.3% from June 2020 to June 2021, according to an analysis by the Associated General Contractors of America of […]


Construction Processes, Procurement

Gilbane CEO: Impacts of material price squeeze will continue for years

July 14, 2021

Via: Construction Dive

Gilbane Building Company CEO Mike McKelvy notes that COVID-19 is not the first pandemic that his company has faced. Founded in 1870, Gilbane was in operation during the Spanish flu pandemic of 1918 to 1920. Now, the contractor is expanding […]


Construction Processes, Procurement

Latest PPI Results Show Construction Material Cost Increases Still Alarming

June 17, 2021

Via: ConstructConnect

The most accessible single-source resource on construction material price movements is the Producer Price Index data set from the Bureau of Labor Statistics. The PPI series monitors prices charged by producers as they exit through factory gates. One drawback of […]


Construction Processes, Procurement

Construction input prices jump 24%

June 16, 2021

Via: Construction Dive

Basu said the surge in prices is probably temporary as suppliers work to boost capacity and bolster output, a dynamic that eventually results in a downward shift in prices. “Operations at input producers should also become smoother over time as […]


Construction Processes, News, Procurement

Keeping Current with Key Construction Material Costs

June 3, 2021

Via: ENR

Conventional wisdom says that construction material prices increase slightly year-over-year. The thinking goes that, as long as supply chains aren’t interrupted, material prices will roughly match the rise of cost-of-living and inflation rates. This mindset is appealing, because it creates […]


Construction Processes, News, Procurement

Home building costs soar due to government regulations, material price increases

May 18, 2021

Via: Construction Dive

Changes to building codes over the past 10 years have added the most to regulatory costs. Averaged across all homes, the cost increases associated with codes account for 9.9% of a builder’s construction costs, and 6.1% of the final house […]