Adapting to Rising Material Costs in the Trades

Summary
The guys discuss the challenges faced by tradespeople in the heating and plumbing industry, particularly focusing on the rising costs of materials and how these affect pricing and customer relationships. They explore the impact of seasonal changes on their work, the necessity of adapting to market fluctuations, and the importance of clear communication with clients regarding price adjustments. Additionally, they touch on innovative product solutions that can help mitigate some of these challenges.

Takeaways

• Material costs have significantly increased, affecting pricing strategies.
• Maintaining quality while managing costs is a key challenge.
• Communication with customers about price changes is essential.
• Understanding supplier pricing is important for accurate bids.
• Customer expectations must be managed during price fluctuations.
• The industry is facing challenges that are not unique to any one trade. 

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Eric Aune @mechanicalhub
Andy Mickelson @mick_plumb

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