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Current increases to costs of materials, particularly steel, should alter the way in which tendering and quoting is approached in contracts.
If you are committing to a contract, check the terms and conditions for any contractual right to claim an increase. You may also advise your client as to increases to costs with supporting documentation and come to an agreement for reimbursing the increased cost.
These steps should help to reduce your liability for increases to costs for steel and other materials when entering tenders, quotes and contracts for construction.