The Material costs add up to about 55% of the total project budget and price fluctuation can interfere with project budgets. Price spikes cannot be curtailed only with domestic procurement, as envisaged in the previous quarters. Clients/Developers/End-users are advised to carefully consider the cost influencers; an outcome of the lock-down and the slow recovery to normalcy with the pandemic.
Please find attached Gleeds’ India bulletin on Material price escalation towards the end of Q42020.
Vishal Shah
Vishal Shah
Director
Sushma Wilson
Sushma Wilson
Executive Cost Manager
