Contractors caught in cost squeeze: AGC
Dec 15, 2011 | 04:17 PM
| Michael Cowden
TORONTO Contractors could go out of business if prices for key construction materialssuch as steelcontinue to outstrip bids for finished products, the Associated General Contractors (AGC) of America said Thursday.
The amount contractors pay for key materials dipped 0.1 percent in November but climbed 6.2 percent from the same period a year ago, a larger increase than contractor bid prices, the AGC said. That cost squeeze, along with reduced public sector spending on construction, could drive....
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