2025Issue3 BuildersOutlook
7
Advice for Builders
CONTENT MARKETING PRINT & INTERNET PUBLISHING
Continued from page 6
Upgrade product pricing, bid package, and service strategies:
• Rebalance product assessment and mix redesign
• Elevate procurement and sourcing options
• Explore projects and workflows that are less sensitive or impacted by tariff activity. Typical government work and DOT projects or public facilities have clear standards for US products and supply which may reduce the overall impact.
• For concrete products, tools, and technical solutions that may have components sourced overseas, be sure to develop redundant suppliers and or safety stocks( especially for critical equipment)
• Work together as a unified team and contractor organization to increase analysis and decisionmaking regarding tariff-impacted bids and decisions you chose to make to absorb partial or none of the tariff price impacts from your suppliers
• Focus on the long term. The dynamic tariff confusion and activity of today is not sustainable; however strong business development, commercial activities, quality project execution, and services or portfolio expansion all aid in creating a strong business to weather dynamics out of your control
Overall, external dynamics require businesses to remain laser-focused on data-driven decisions to prepare their business to respond to areas they cannot control. While the near term may remain volatile and confusing, our construction industry is a steadfast, critical economic driver of our GDP with a healthy, long-term outlook.
For Construction Pros. com March, 2025
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