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The construction industry faces a crisis as prices continue to rise

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The Irish construction sector is facing a growing crisis as the prices of many materials soar and companies increasingly nervous about entering into fixed price contracts in an inflationary environment.

Skinny profit margins are turning into losses in many jobs, government and contracting authorities delay projects hoping costs will come down, and contractors are reluctant to enter into new fixed-price contracts because material prices are rising so rapidly.

https://www.independent.ie/business/irish/construction-facing-crisis-as-prices-continue-to-soar-41461542.html The construction industry faces a crisis as prices continue to rise

Fry Electronics Team

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