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How do you approach a significant price rise with customers (since the labour wage is killing profit margins)?

As if the rising costs of materials wasn’t bad enough, the construction industry has also been suffering from the lack of skilled labour. Finding good employees is the first challenge, but it’s retaining them that is the real problem. Construction firms who want to retain their top staff must commit to paying their employees competitive wages, and the only way to minimise the impact on their profit margin is to increase their prices.