Construction materials, labor costs, construction taxes and interest rates have all increased.
Builders, developers, general contractors and sub-contractors are always trying to find the way to reduce their cost and increase their profit.
Builders, developers, general contractors and construction companies are always searching for more reliable material suppliers and reasonable pricing, but they don’t have experience to source the product lines globally.
Construction material costs are higher also because traditional suppliers are storing and stocking these products in warehouses all over the local market. This concept is fine for the short-term and on-demand projects, but increases cost on projects that are out more than 3 months.
Your project managers have to spend many man-hours shopping prices and sourcing materials from many different suppliers in order to completely facilitate your projects. It is a very costly business process.