A case can be made showing the $3.8B budget increase on infrastructure spending has already been spent on the increased costs of supply - and then some
On April 20th the BC Provincial Government announced its 2021 Budget. We understand and fully support the need to budget meaningful financial supports for sectors hard-hit by COVID-19, such as tourism and hospitality. It is essential that our government protect businesses in these industries which are, like construction, crucial to our economy and to so many hard-working British Columbians in communities across the province. But we're concerned about the lack of focus on our industry. Here's why. Construction costs have escalated at an alarming rate , to the point that bid validity is an enormous challenge in the face of supplier pricing being good for only 7 to 14 days. The drywall market in North America is essentially sold out, lumber and steel costs have doubled. All this means taxpayer dollars won't go as far as they did pre-COVID. In fact, a case can be made to show that the $3.8BN budget increase on infrastructure spending has already been spent on the increased c...