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.

Please find attached Gleeds’ India bulletin on Material price escalation towards the end of Q42020.

Gleeds India Bulletin_Material Price Escalation.pdf

Vishal Shah
Vishal Shah

Vishal Shah
Executive Director

Sushma Wilson
Sushma Wilson

Sushma Wilson
Associate Director