Here’s how construction companies can mitigate cost risks


With rising costs and increasing inflation, construction projects can become unprofitable quickly. But there are more than a few ways sharp construction companies are working to manage costs well. Here are the top 24, plus one to think on for your specific scenario.

Negotiating long-term contracts with suppliers

1.Before you start negotiating, research and compare prices and terms from multiple suppliers. This will give you a better understanding of the market and help you know where you stand.

2.Building…

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