We are potentially at a turning point in the market. There are considerable pressures affecting the price of materials, but how long some of these pressures will endure is uncertain. This is something that we will continue to track and monitor.
We are also concerned about the financial health of the supply chain. It’s when the market turns upwards, that the financial pressure on businesses can be considerable – delivering contracted commitments in the face of rising costs.
This reinforces our view that we need to set projects up for success to navigate these risks in an informed way.
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