Page 11 - கட்டுமானம் செய்தி News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Construction News | Live Feed & Latest News
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North East contractor files for administration
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Cleveland Bridge attracting significant interest from buyers
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John Morgan: we’re managing shortages and isolating workers
Morgan Sindall has had to deal with material shortages and isolating workers on its projects, its chief executive has confirmed.
Longer lead times and cost inflation has been prevalent in the construction industry since the start of 2021. Morgan Sindall’s chief executive John Morgan told
Construction News it had affected his company, but said the situation was improving.
“It’s there, but it’s manageable,” Morgan said, adding “I believe the shortages aren’t as much as they were a few weeks ago.”
Heavy demand and supply constraints have seen overall material prices rise 10-15 per cent over the past year, according to the CLC’s latest materials availability update. “We’ve had it worse in the past,” Morgan said, adding that the inflation is being factored into bids, with the contractor making sure its suppliers are also accounting for it in their prices.
Construction News – August 2021
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