As anyone in the construction industry will know, there is an ongoing shortage of construction materials, especially timber, which is causing wild price rises and impacting businesses and projects across the country. Dawsongroup Finance offers financial support for timber shortages through various solutions.
Supply and demand
With its origins back in the first lockdown of 2020, this problem has persisted for well over a year and shows no sign of abating – and could even get worse the Construction Leadership Council has warned, with prices predicted to rise yet further.
Key building materials such as timber and steel remain in short supply, and prices for everything from bagged cement to paint are all on the rise. Delivery waits and lead-in times are also long as producers struggle to meet high demand, especially during the peak summer season.
The scale of the problem
For businesses in this sector, the costs have become a significant burden. The price of timber is up by more than 80% compared to 2020, according to the Construction Products Association, while the price of structural steel is now 31.8 percent higher than it was in April 2020 according to data released by the Department for Business, Energy & Industrial Strategy (BEIS).
Such sizeable hikes can inevitably lead to cash flow issues, especially for big suppliers looking to purchase sufficient stocks to support their own customers, or big construction firms with multiple projects underway.
Going without or finding alternatives for such fundamental materials is not viable; to keep their businesses going they must keep buying, whatever the cost – but finding the upfront funds to do so can be extremely challenging.
Finding financial support for timber shortage
Here at Dawsongroup Finance, it is not just equipment that we’re able to finance – but materials too.
We understand how vital a sufficient and timely supply of these materials is to certain businesses, and how costly delays can be. So rather than wait, while the debts mount up, why not consider a clever asset financing solution to get your business what it needs to keep going now. As the latest forecasts and data from industry experts suggest – waiting until supplies improve and costs correct is just not an option.
We can get you full funding for any timber or building materials whilst you can spread the cost over a period of up to seven years.
So, if cash flow is becoming a problem due to the unprecedented rise in prices for vital construction materials, then get in touch to reach financial support for timber shortage: Reach us at email@example.com or by calling 01425 474070.