Construction Reporter
  • Home
  • Services
    • Planroom
    • Printing
    • Project Upload
    • Architects & Owners
    • General Contractors
    • Subcontractors
  • Free Trial
  • Become a Member
  • Magazine
  • News
  • Contact Us
  • About
    • About
    • FAQs
    • Privacy Policy
  • Employment Opportunity

contractors adopting innovative tariff strategies

5/14/2018

0 Comments

 
Responding to Trump Administration tariff increases on steel, more than 1,000 companies nationally have, as of mid-April, applied for waivers from that tariff, according to the U.S. Department of Commerce.

But other companies, particularly in the construction industry, are increasingly purchasing larger than usual quantities of steel in an effort to minimize or avoid altogether the negative consequences of tariff-induced steel price jumps.

That is one of the findings discussed at the Rocky Mountain Construction Summit in Broomfield, Colorado earlier this month.

The steel purchasing trend, said Rich Wobbekind, speaking at the meeting, is just one of the many responses to a tariff policy that posing a level of uncertainty in today’s construction industry.

Those tariff increases, predicted Wobbekind, associate dean for business at the University of Colorado at Boulder, will also negatively impact construction hiring, even in an industry that is desperate for new workers.

Other speakers at the summit recommended that contractors worried about the uncertainty created by the Trump Administration’s tariff policies should hold off entering into contracts as long as possible until those policies become more clear.

Short of delaying, said Jason Greeves, an associate general counsel for the M.A. Mortenson, a construction and real estate development company with offices in Denver, builders should push for exclusions in government contracts pertaining to prices and conditions.

By Garry Boulard
0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    Get stories like these right to your inbox.
    ​Sign up for our newsletter

    Subscribe

    Archives

    March 2023
    February 2023
    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017

    Categories

    All

AFFILIATES

Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
HOME
PLANS & PRICING
FREE TRIAL
MAGAZINE​
BECOME A MEMBER
PRINTING SERVICES
FAQS
CONTACT
​ABOUT

TIMELY, RELIABLE NEWS SINCE 1949 ​Construction Reporter
​
4901 Mcleod Rd NE STE 200A
Albuquerque NM 87109


​Phone: (505)-243-9793
Toll Free: (877)-292-5793
​Fax: (505)-242-4758

Copyright © 2022 Construction Reporter
User Agreement   Privacy Policy   Archive Policy
  • Home
  • Services
    • Planroom
    • Printing
    • Project Upload
    • Architects & Owners
    • General Contractors
    • Subcontractors
  • Free Trial
  • Become a Member
  • Magazine
  • News
  • Contact Us
  • About
    • About
    • FAQs
    • Privacy Policy
  • Employment Opportunity