Material Shortages & Inflation
In recent times the sector has facing unprecedented material shortages and inflation in a number of areas (including gypsum products, steel, fixings, insulation, sealants and adhesives and timber).
Geopolitical events have manifested as a number of intense supply issues over the past 5 years resulting in periods of rapid inflation and shortage. FIS is urging the supply chain to heed the advice of the Construction Leadership Council with regard to managing the risk of price movements.
This is a issue for the entire supply chain, but specialist contractors remain under pressure to acceot to a fixed price contracts that are 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 guidance on managing Material Shortages and Inflation (which provides a backdrop and links to available price index sources) here.
Latest updates:
Open statement following latest announcements of further shortages in gypsum products
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). In the wake of this, FIS is urging the supply chain to heed the...
Product Shortages ‐ CLC Statement
The CLC Product Availability Group has issued a statement on the availability of construction products, which confirms that demand will remain high throughout 2021 and urges ‘all users [to] plan for increased demand and longer delays, keep open lines of communication...
Timber shortages
The impact of coronavirus has caused significant disruption to international supply chains and resulted in a substantial reduction in stocks of wood and timber products. The UK is currently experiencing long lead times, with limited availability for immediate sale,...