Current economic conditions and shifts in public policy by the Trump Administration concerning tariffs on imports have the potential to dramatically impact the prices of certain materials critically important to roadway construction projects, namely fuel, steel, and asphalt. Although fuel, steel, and asphalt prices have fluctuated significantly over the past 10 years, it appears that prices will continue to rise over the next several years (and perhaps beyond). This article provides risk management strategies for contractors seeking to mitigate the impacts that rising material prices have on profitability.
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