“Building new homes, renovations, extensions and passive homes”
Often, building contracts for new builds are fixed priced contracts, meaning the price should vary too much if any. During covid -19, there were so many delays from sub-contractors or material suppliers that builds were start-stop. Building timelines were completely blown out and this was truly unavoidable. Adding to that, materials I would have priced 6 months earlier had gone up in price by as much as 15%. Because it was a fixed price contract, I had to absorb price hikes from materials as well as the extra labour required from building delays. Some of our builds had a 12 month time frame without the delays meaning I was covering up to 18 moths worth of price rises. I am surprised and a little impressed by our resilience during this period.