Jacobs More
Menno S. Martin Contractor Ltd. in St. Jacobs, Ontario, had a profit-sharing plan... More
The answer to this question for me is twofold: material volatility and labor/subcontractor volatility. When the price of lumber, drywall, concrete, or any other building product is fluctuating, I reduce the amount of time the contract is good for to limit my exposure and also include a material-escalation clause to protect me against major price changes and shortages caused by factors beyond my control ó such as a hurricane or the like. More
