The Pain of Inflation: Construction Companies Feel the Pinch as Prices Rise -

"A recent report from the Associated General Contractors of America states that, from April 2021 through the first quarter of 2022, the price of nonresidential construction components, or inputs, has risen 21%."

Why this is important: What are contractors supposed to do when diesel fuel prices increased 86 percent, plastic-based material costs increased 30 percent, and insulation product prices increased nearly 20 percent from April 2021 through the first quarter of 2022? This article highlights the very real issues of inflation impacting the costs of construction projects.