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Thursday, April 07, 2022 11:28:27 AM
Sounds like we are comparing Residential to Commercial on your review.
I've spoken to several people who price out construction projects and every one of them tells me that they are busier than they've ever been.
And you would be spot on. One of the biggest problems we have had over the last two years has been finding workers and yes, up until 6-mos ago, the bids were workable. Housing projects are next to impossible to get qualified workers.
What is unfolding in real time is that we are now seeing bids in the last 6-months sky rocket. 300% to 500% is not a market that can operate and will quickly impact the housing markets as well.
When we work on large commercial designs, we normally call in a GC to oversee the engineering and design to make sure we are not going to have a project come in way over budget. By the time we go out to bid with the project, we are normally 1+ year into the creation of plans at a cost of 100's of thousands of dollars. Again, to have a project come in at 3xs budget is NOT normal.
I've been at this a long time, what happens in a market with run away inflation is NOT good.
So a retirement sale by Vystar is likely well planned.
Recent VYST News
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