India is experiencing the ripple effect of global market fluctuation on prices for metals and oil, resulting in price escalation. Our Insight & Analytics team at Gleeds India have produced a price bulletin to inform you on the price trends and advise a review of the current situation that will impact project budgets.
The Material costs add up to about 55% of the total project budget and price fluctuation can interfere with project budgets. Price spikes cannot be curtailed only with domestic procurement, as envisaged in the previous quarters. Clients/Developers/End-users are advised to carefully consider the cost influencers; an outcome of the lock-down and the slow recovery to normalcy with the pandemic.
Related document
Gleeds India Bulletin Material Price Escalation
