Material Cost Increases and Contracts
Everybody is obviously very aware of how much costs are going up. Diesel, copper, aluminium are all up between 20-30% So what can you actually do about it? Well there are different options depending whether its pre-contract or post contract. Pre-contract, you should always have an escalation clause in your contracts and go back-to-back with subcontractors Post-contract you need to check what the T&Cs are in your head-contract and whether you can claim escalation. And for your sub-contractors, same principle I go into it in more detail in this video