It’s no secret that construction costs are on the rise, with the upswing in the economy, an increase in the number of building projects, and an ever-increasing global market, there is a direct correlation between the above-mentioned factors and supply vs. demand.

Globally, there has been a decrease in the availability of raw materials due to not only demand but also the decreased output capabilities of some major suppliers, click the link below for an interesting read for more on this topic.

How does all this affect your building project?

In the past price, increases were most often forecast with ample time for owners to make smart decisions in advance on when and how to move forward with their projects, as of lately the volatile market has experienced literally overnight price increases that makes it critical for decision-makers to anticipate this as the new normal and be ready to act in order to maximize savings.

A 10% increase in raw steel prices on a $1,000,000.00 project is an additional $100,000.00 immediate cost. As your steel building supplier, we do everything in our power to assess the markets and communicate closely with our factories to stay ahead of the pricing curve, and we always work with our clients to minimize the risk to your bottom line with timely information.

The size and design of your project is obviously another key factor affected by price increases. A project that initially uses 150 tons of steel may be a candidate for a redesign with critical thinking that allows for a reduction in overall steel while maintaining the desired footprint. Every one of our buildings goes through a rigorous design process that allows for maximum efficiency that translates into cost savings for our clients.