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We Mean Business. Illinois Business. |
Steel price hikes hammer commercial construction |
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Missouri-based K&R Log & Lumber Co. delivers structural steel for beams at the new High Mount Elementary School in Swansea. General contractors such as Holland Construction Services Inc. say soaring steel prices are making it tough to bid and construct commercial projects. |
By LORRAINE SENCI
At the end of 2003, his vendors forewarned Doug Von Alst that steel prices could climb 8 percent during the first quarter
of 2004. But by March 2004, his prices were running 80 percent to 100 percent higher than what he was originally quoted, and
product availability and delivery had become as unpredictable as the prices.
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Contractors recently given reins to settle job site trade duty disputes
In the past 90 days, the means by which jurisdictional disputes can be resolved on a job site have changed dramatically.
Rather than the American Federation of Labor and Congress of Industrial Organizations ruling on which trade does what when
skills and talents overlap (as of January) it is now up to the contractor's discretion.
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