A survey of nearly 900 commercial construction professionals concludes that subcontractors continued to bear the brunt of rising input costs for materials and labor in 2022—to the tune of $97 billion in unplanned expenses. Summarizing survey findings in the 2023 National Subcontractor Market Report, Austin, Texas material and labor financing solutions provider Billd notes that rising costs and price volatility…
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Report: Subcontractors incur nearly $100B in unplanned material, labor costs
Sources: Billd, Austin, Texas A survey of nearly 900 commercial construction professionals concludes that subcontractors continued to bear the brunt of rising input costs for materials and labor in 2022—to the tune of $97 billion in unplanned expenses. Summarizing survey findings in the 2023 National Subcontractor Market Report, material and labor financing solutions provider Billd notes that rising costs and…
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