At Stephen Thomas Construction, we believe in keeping our clients well-informed—especially about factors that can affect project costs and timelines. One of those factors? Tariffs.
What Are Tariffs?
Tariffs are taxes placed on imported goods. In construction, this affects materials like steel, aluminum, and some fixtures, often leading to price increases and supply delays.
How Tariffs Affect Construction
- Higher Material Costs: Imported goods become more expensive. Even domestic suppliers may raise prices in response.
- Budget Volatility: We may include contingency costs to account for potential pricing changes during the build.
- Delays: Tariffs can slow down imports, impacting material availability and scheduling.
How Stephen Thomas Construction Manages Tariff Impact
- Market Monitoring: We track material pricing and trade developments closely.
- Vendor Relationships: We work with trusted suppliers to keep costs down and timelines on track.
- Flexible Solutions: We suggest alternative materials and strategies to avoid costly delays.
What You Can Do
- Plan Early: Let’s discuss material options at the start to reduce risk.
- Budget a Contingency: Set aside 5–10% for unexpected costs.
- Stay Flexible: A little timeline flexibility can go a long way.
Final Thoughts
While tariffs are beyond your control, managing their impact is something we take seriously. With experience, planning, and clear communication, Stephen Thomas Construction ensures your project moves forward smoothly—no surprises.
Have questions? We’re here to help.