Construction projects have become more expensive than ever to complete, with prices rising 27.8% since April of 2020. 

Although prices of labor, materials, and overhead continue to rise - bids are not reflecting this increase.

What should we be doing to proactively approach this decline in profitability? 

Over communicate. Subcontractors AND general contractors need to provide project owners with timely and credible 3rd party information about changes in material costs and supply chain delays.