Thursday, April 10, 2008

stagflation with a small 's'...

Is the small 's' intended to make us in the construction industry feel better? Anirban Basu, chief economist for the Associated Builders and Contractors calls current industry economics just that (T. Grogan & T. Illia, 'Stagflation Threatens Construction As High Prices Stare Down Recession', ENR, March 24, 2008).

Higher steel, cement and asphalt prices are prime for increases next quarter; oil and gas prices at record highs; and, anticipated labor shortages in key trades. All are conditions which emphasize our need as an industry to address the low-hanging opportunity of achieving efficiency gains - of both hard and soft costs.

While not having direct influence in reducting cost indexes for Construction and Building, ConstructHub does offer GCs an opportunity to see immediate ROI via the SaaS delivery model and quick start implementation. Perhaps best of all, you don't have to take my word for it...try it yourself for 30 days free to experience 'efficiency through simplicity' in your project management.

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