In this excerpt from our first episode, Elissa Looney, Director of Strategic Initiatives at Perlo Construction, inquires what the future looks like for the cost of construction materials. Chris McLaughlin, Vice President of Preconstruction Services, makes one particular comment that stands out – costs are not volatile, as they are only going up; it’s a matter of how fast. According to Chris, some items have tripled in cost, while others have stayed relatively flat. At the end of 2021, we heard a lot of inflationary news that would eventually trickle into the construction industry. When asked what the present reality is of updating the price index and how often it has been changing, Chris emphasizes, “It’s down to the day.” Listen in to find out more.
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