Navigating Material Supply and Costs.

29th June 2022

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The turbulent nature of constructional material markets continue to challenge the construction industry and many companies are no longer able to guarantee prices or lead in times. So If you’re planning or in the middle of building work, our team have shared their top tips to keep costs in check.

  • ‘Be Prepared’. Looking back through many of our posts this is a recuring piece of advice. Like all good scouts we truly believe in the motto. From developing a comprehensive brief to getting the right project team together from the outset, these details will set you on the right track from the outset. Some will already know ‘what they want’ and who ‘they want to work with’ but if this is unfamiliar terriotory don’t be shy to ask for help.
  • Ensure your brief is met by the design. Early collaboration is key to achieving a shared understanding, making your vision the end goal. And with a comprehensive brief your on your way to getting the right design, avoiding costly design changes during construction.
  • Everything deserves a second look. Scrutinise design and specification as early as possible to ensure it is thorough prior to costing. An unambiguis design and accurate specification will work to eliminate provisional sums and mitigate risks of cost increase.
  • Plan ahead. Ensure all key client based decisions, such as approval of samples, are planned well in advance and work closely with your supply chain to communicate your requirements as early as possible with suppliers, distributors and builders merchants. Delays in ordering and long lead in times will lead to cost increases.
  • Seek out alternative supply routes. Consider alternative material sources and support the circular economy and environment.  Services such as Environmate provide a new avenue for free and cheap building materials.
  • Beware of cheap deals. From selecting materials, engaging the team or designing your scheme don’t compromise on quality or customer service- defaulting to the lowest quote won’t nessacarily work out to be the cheapest option in the long run.
  • Stay Agile. Cost plans should remain ‘Live’ documents which are continually analysed, enabling your team to anticipate and respond to ensure you aren’t caught out by shortages or price rises.

Product availability and materials and services costs are expected to keep rising.  Your project will cost more today than it did yesterday but with realistic expectations, careful planning and proactive management your budget may not be as unmanageable as you may think.

 

 

 

 


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