The disruptions we’re facing today are forcing us to get creative and evolve the ways we think and work. New opportunities are in reach if we stretch for them together. Volatility is nothing new for construction. Weather, logistics issues, tariffs on raw materials, worker shortages, etc., are all unpredictable and bring elements of risk. Yet nothing is like what we are currently experiencing. The Associated... read more

ZANDY: Concerning forecasting, how are you managing this volatility? How are you trying to give GCs or owners accurate prices—and who’s carrying the escalation? What are you guys doing to leverage your risk contractually? PRESSLEY: We used to live in a market where pricing could be locked in for 30, 60, or 90 days from the bid date of a project, and then distributors had no issue holding the pricing for the... read more

This conversation may not reveal things we want to hear, but instead, things we need to hear. The more we can inform our clients, the better off we’re all going to be. So, the hopeful purpose of this talk is for all of us to better understand what is going on with the hyper-volatility driving today’s construction materials. I feel like the big-ticket items—drywall framing, structural steel, mechanical... read more