January 21, 2022

Rising Construction Costs In 2021

The construction industry experienced significant cost increases in 2021. Although labour costs increased 3-5% on average, the major contributing factor was the rising cost of construction materials which occurred as frequently as monthly. Material shortages and high shipping costs induced by the pandemic played a significant role in materials cost increases.

So what does this mean for our clients and the industry in general? It means planning ahead and implementing the most cost effective methods for new projects as we will most likely continue to see material cost increase in 2022.

Ready to start a new project or inquire about our services? Contact us for more information.

Counterpoint Projects

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