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:
CLC Construction Product Availability Statement
The Construction Leadership Council issued the latest Product Availability Statement today: The new year has started in much the same way as the last one finished, with product availability continuing to improve for almost all products and in all regions. This is, in...
The government unveils new “Energy Bills Discount Scheme” for businesses
The government announces the new “Energy Bills Discount Scheme” for UK businesses, charities, and the public sector from April. Scheme will provide a discount on high energy costs to give businesses certainty while limiting taxpayers’ exposure to volatile energy...
Construction Product Availability Statement from the CLC
Construction Product Availability: 21 December 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...