AGC Construction Inflation Alert.pdf

The document details the challenges faced by the construction industry due to a significant increase in materials prices, disruptions in the supply chain, and stagnant demand. It emphasizes the struggles contractors face in passing on these added costs, leading to financial difficulties. The report calls for immediate government action to address tariffs, quotas, and regulations affecting material costs and supply chains. It provides recommendations for contractors and owners to navigate these challenges, including timely information sharing, adjusting project expectations, and considering price-adjustment clauses. Communication, cooperation, and flexibility are highlighted as crucial factors to mitigate the impact of rising costs on the construction industry.