Contractors are affected by another huge materials price hike on concrete products as a major manufacturer announced 15% increases. Contractors received letters this week from Creagh Concrete detailing 15% price hike across its range of concrete products. The price change will come into force from September 1.
A statement from one major contractor: “We are all experiencing challenges in the current market but this is a real blow to impose increases with a week’s notice unilaterally without any dialogue. These price rises are being imposed on customers who have already committed to fixed price contracts with their clients – and who entered in to binding supply contracts with Creagh in good faith.”