AGC: Materials cost increases outpace contractor bid adjustments

Sources: Associated General Contractors of America, Washington, D.C.; CP staff

Prices for goods and services used in construction climbed 6.2 percent over the past year, intensifying a cost squeeze on contractors coping with widespread labor shortages, according to an AGC analysis of new Labor Department data, including Producer Price Index (PPI) figures tracking a August 2017–August 2018 trajectory.  

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