Inflation and increasing labor and material costs impacted subcontractors’ profitability in 2022. “The financial burden of material and labor has always been difficult to quantify, the full extent a bit hazy. Knowing that subcontractors spent an extra $97 billion almost feels like putting a face to a name,” the report reads. “For some, it’s the … Continue reading Inflation and increasing labor and material costs impacted subcontractors’ profitability in 2022.