WHY GJA?
A HARSH REALITY:
The perfect storm of market conditions is putting unprecedented pressure on your bottom line. While construction demand remains volatile, contractor & vendor margins are increasing due to wage pressure resulting from labor shortages.
Limited raw good supply mixing with global transportation delays are extending construction schedules. These factors have given the Marketplace, not Purchasers, the control.
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HOW DOES THIS AFFECT ME?
Purchasers are over-paying for their project’s materials by 15-30% on average. This is costing tens, possibly hundreds of thousands of additional dollars per project! What could you do with this savings?
Convoluted and inefficient design, purchasing, and fulfillment processes are delaying delivery by 4-5 weeks on average. Costing you more money, more time and possibly worse: a sacrifice to your vision or your reputation. How much longer should this be tolerated?
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The data:
As of May 2022:
• CBRE’s Construction Cost Index (CCI) has risen 16% since 2020. This includes a predicted 14.1% year-over-year increase by the end of 2022.
• Lead Times for Lighting & Lighting Controls material are up 100% (currently 12-14 weeks) when compared to 2020.
• Costs for all goods used in construction (excluding energy) has increased 41% as of April 2022 when compared to March 2020.
Source: US Census Bureau, CBRE Strategic Investment Consulting, April 2022
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the evolution:
Green Jacket Advisory Group is an industry specialist that can help you navigate these challenges. With our support you can:
1) Streamline your design and approval processes.
2) Reduce, then Standardize your costs.
3) Optimize the delivery of your project’s materials.
Get visibility to unitized cost and markup strategy of the Marketplace. Guarantee the availability of raw material needed for your project’s specification package during design phase. Shouldn’t you know exactly what you are paying for and why?