Pricing Nightmare: Construction Companies Grapple with Spiking Costs

Source

MaineBiz

Date

4-15-2019

Pages

24-28

Abstract

Focus piece on the high rise in construction costs and its effect on real estate development projects in the state. This rise, a result of a strong economy, labor shortage, and tariffs on steel and aluminum, is impacting developers like Nathan Szanton, Cianbro, and Kevin Mattson, who have to make adjustments to their proposals and projects to accommodate the higher prices.

Subjects

Real estate development -- Maine, Construction industry -- costs

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