Material Shortages & Inflation

The finishes and interiors sector is facing unprecedented material shortages and inflation in a number of areas (including gypsum products, steel, fixings, insulation, sealants and adhesives and timber).

Over the past two years the finishes and interiors sector has faced intense supply issues, these have continued into 2022 and FIS is urging the supply chain to heed the advice of the Construction Leadership Council and apply the lessons learned in 2020 about working in partnership and collaboration.  This is a issue for the entire supply chain, but specialist contractors are reporting these acute challenges are being ignored in the wake of pressure to simply maintain programme and adhere to a fixed price contractual culture that is not designed to cope with inflation at current levels.  This situation is unacceptable, we need to be working together, alert and reactive to the challenges on the ground and focussed on the very real risks of undermining specifications, warranties and even compliance and, at the same time, destroying businesses in our rush to get the job done.

You can access the latest FIS Statement and guidance on Material Shortages and Inflation (which provides a backdrop and links to available price index sources) here.

You can access the latest Construction Leadership Council Product Availability Statement here (June 2022).

Managing price inflation

Managing price inflation

With the industry facing inflationary pressures not seen in the UK for 40 years, cost escalation is a key issue for members across the supply chain. Last week, the Bank of England raised interest rates for the fourth time this year to 1.25% and reported that...

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Construction Product Availability Statement May 2022

Construction Product Availability Statement May 2022

Statement from John Newcomb, CEO of the Builders Merchants Federation and Peter Caplehorn, CEO of the Construction Products Association, co-chairs of the Construction Leadership Council’s Product Availability working group With the Product Availability Group having...

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