Supply chain delays are causing construction prices to increase in the interior construction industry. The supply chain issues are caused by various factors such as port congestion in Asia and the U.S., labor shortages due to Covid-19, and more. But what does this mean for those looking to renovate their workplace to maintain a competitive advantage? Should you be worried about your interior construction project budget?
Your interior construction project is a product of components from different sources. There are raw materials, labor, and even the manufacturers themselves. All of these different sources are interconnected and rely on each other to function properly, which is why it’s called a supply chain. The interior construction industry is primarily affected by the supply chain. If one of the links in this chain fails, it can result in delays and even increased costs. Interior construction companies are usually not equipped to handle these delays due to their small size and lack of resources. As a result, it will lead to increased costs for interior construction companies, which must be aware of these delays and how they can affect the interior renovation budget for their clients.
In recent months, there has been an increase in the number of supply chain issues. As one of interior construction’s primary sources of raw materials, China has witnessed a significant shortage of employees due to the Covid-19 pandemic. The problem is exacerbated by port congestion in Asia and the U.S. and environmental factors such as the recent storms in Texas and Louisiana. Recently, the Wall Street Journal reported that construction companies are looking for more expensive alternative building materials to meet demand.
Though interior renovation construction costs are rising, you shouldn’t be forced to pay more than initially planned. It’s all about finding the right interior construction provider that is flexible and can keep interior renovation costs within your budget. The supply chain delay has not equally affected all commercial interior contractors. Experienced interior renovation companies such as DP Incorporated have a strong foundation to keep interior renovation costs stable during disruption periods. Interior construction delays may be inevitable, but if you find the right contractor, your project cost shouldn’t increase much.
DP Incorporated is an interior commercial contractor that offers tenant improvement construction services in the greater Washington state area. We have over 30 years of experience providing top-notch interior construction services to businesses across all industries.
DP Incorporated has the resources and expertise necessary to handle changes in supply chain delays. We have been able to keep our prices competitive by finding alternative interior construction materials and reliable laborers. This gives us an edge over other interior construction companies more severely affected by supply chain issues. Contact us today to learn more about how we can help you with your tenant improvement construction project without increasing costs.