The UK building trade has faced significant challenges in recent years, particularly due to the constant rise in building material costs. This sharp escalation can be attributed to a multitude of influences, including of course the aftermath of Brexit, which has complicated trade relationships and introduced new tariffs on imported goods.
The UK’s departure from the EU led to supply chain disruptions, as well as regulatory changes that have added further complexities to the building industry procurement processes. As a result, contractors and builders often find themselves grappling with increased costs and delays, which can ultimately affect project timelines and budgets due to the constant rise in building material costs.
The rising cost of materials is exacerbated by global supply chain issues, fluctuating demand, and the ongoing impact of the COVID-19 pandemic. Shortages in key materials like timber, steel, and plaster have made it increasingly difficult for the building trade to operate efficiently.
We feel that this situation could pose significant risks not only to the viability of individual projects but also to the overall health of the building industry, which relies on stability and predictability in material costs.
As we navigate these turbulent times, engaging with our customers and suppliers becomes crucial. Understanding your experiences and perspectives can provide valuable insights into how we can collectively adapt to these challenges.
So we ask, what do you think about the rise in material costs and its impacts? Have you noticed changes in your projects or dealings in the construction market?