Despite the perils usually associated with investing in private student accommodations, the business is still in high demand. With over 4 billion in investments last year alone, it’s clear that many believe this is the way to go!  But whether investing is a good decision entirely depends on your objectives and requirements. However, we get to make a case for it.  Take a company like ASN Capital Student Living, for instance, and how it has steadily climbed the ladder in everything student accommodations. This only goes to show that there could be hope in the industry. Here are reasons why investing in private student accommodations is worth the expense:  Universities alone are not able to house all students as they no longer have the infrastructure in place to do so. This is a fact! As campuses admit thousands of students, it may become difficult to offer them all accommodations as there aren’t enough rooms available, especially for first year students. This is where private accommodation comes in! Students can partner with each other and rent a room to alleviate the costs. A campus operates on a rotational basis. If a few students go home for a break, others enroll, and vice versa. Having accommodations is a move that will generate finances year in and year out. Even better is that students will still attend school during a recession, making these accommodation units recession-proof.  Because private accommodation is a buy-to-let investment property, it will yield a higher net income than a traditional but-to-rent property. This primarily works well for houses in multiple locations.  Purpose-built accommodation serves the same purpose that student halls do. They come with sturdy areas, WiFi, standard rooms, and more. They are also strategically located near campus and are close to shopping areas, work opportunities, and local nightlife, making them attractive to students.  Custom-built student accommodation includes property management. While the university itself may provide it, you may choose to hire expert managers to oversee your property. It comes with an.   “on-ground” investment approach that’s both active and proactive.  There is nothing more disappointing than tenants who are constantly moving out of your property. But with students, it’s different. As it takes a couple of years to complete a degree, you can expect students to rent your apartments long-term. Investing in student accommodation means tenant consistency, one thing that many landlords may not have.  While it may be hard to follow up with students regarding rent, it’s best to retain their parents’ content information and career on payment terms directly. Every parent wants their child to live a comfortable campus life; thus, you can be rest assured that they’ll act as rent guarantors. In case of any mishaps, you can always reach out to them.  You don’t have to worry about a dwindling amount of rent. With student accommodations, the rent amount is consistent all across the UK. This doesn’t give one tenant the upper hand over the others. It means that students will pay a specific minimum for any accommodation unit that they choose.  Generally, students are less demanding than adults. They won’t need a lot of fancy fixtures and may be patient enough when it comes to repairs. This puts you at a significant advantage as a property owner as you can ensure them without worrying.  If you decide to let go of your property later on, you can sell it at a higher price than what you paid. You only need to wait a few years and scoop up the profits.  Summing Up Investments are not a one-size-fits-all solution. They are diverse, as they come in different shapes and sizes. However, when investing in student accommodation, you’ll be spoilt for choice.  The fact that property investment is associated with decent earnings makes it a significant financial choice that will yield results and give students what they are craving!  Also, this kind of property investment comes with a 0% Stamp Duty rate that represents significant savings compared to typical buy-to-let residential units. 

In today’s era of heightened environmental consciousness, more businesses are exploring sustainable practices. Recognizing this trend requires us to reconsider traditional moves. To align with a greener ethic, we need to focus on orchestrating an eco-friendly warehouse transition.  This guide offers detailed suggestions on how to minimize the environmental impact of your move, making it not only kinder to our planet but often more cost-effective as well.  Let’s delve into the world of efficient strategies and smart choices you can employ during your warehouse move. Let’s make that shift in the greenest way possible! Strategizing for an Eco-Friendly Move Before embarking on your warehouse move, it’s essential to have a robust strategy in place. This vital step not only guarantees an efficient transition but also plays a key role in minimizing the potential environmental impact. It all starts with planning your warehouse move. In addition to considering eco-friendly materials and energy-efficient solutions, another key aspect is optimizing your warehouse operations for efficiency and sustainability. Implementing warehouse automation can significantly reduce energy consumption and improve operational efficiency. Involve stakeholders at every level, from upper management to the operational team members. This will facilitate decisions that are in harmony with both your business and environmental objectives. Adhering to an eco-conscious plan from the onset sets the tone for the whole operation. Keep in mind that timing can significantly influence energy and fuel consumption – consider moving during off-peak hours to avoid traffic and reduce greenhouse gas emissions. An effective plan will help your business balance operational needs with sustainability goals. Reuse and Recycle For Waste Reduction A warehouse move invariably generates waste. However, you can turn this challenge into an opportunity to embrace eco-friendly practices. But how? According to statistics, about 95% of plastic waste in the United States ended up in oceans and landfills in 2021. You can change this by reaching out to local recycling centers and inquiring about their policies for specific materials like metal, plastic, or electronics. Reducing the amount of waste that goes into landfills is one small way your business can contribute substantially towards promoting sustainability. Switch To Energy-Efficient Warehouse Solutions Transitioning towards an eco-friendly warehouse move involves more than just the physical move. What happens after you’ve relocated is just as important. If it’s practical, consider implementing energy-efficient solutions in your new warehouse. For example, opting for LED lighting over traditional options can save energy and last longer. Structural modifications such as insulating doors, windows, and walls can greatly reduce heating and cooling costs. These measures not only lower your building’s power consumption but also promise cost savings in the long run. While renewable energy sources like solar panels or wind turbines may have initial costs, their long-term benefits include lower electricity bills and significantly fewer CO2 emissions. Remember every step taken towards being eco-conscious is a giant leap in reducing carbon footprints and shows that sustainability doesn’t have to compromise functionality. Consider Eco-Friendly Materials, Equipment, and Machinery As you prepare for your eco-friendly warehouse move, it’s the perfect time to consider green alternatives for equipment and machinery. Here are some options: By choosing green machinery options wherever possible, your warehouse will be better for the environment in both the immediate move and the day-to-day operations that follow. Rethink Materials – Use Sustainable Packaging As you prepare for your warehouse relocation, consider the materials that you’ll use throughout the process. Encourage sustainability by rethinking the packaging and wrapping methods employed during the move. Opting for recycled or recyclable materials can significantly mitigate the environmental impact of your move. Biodegradable packaging materials are another great alternative. But don’t stop there! Consider alternatives to traditional packing tape. For instance, gummed paper tape is an easily recyclable option. Every eco-conscious decision you make during this transition phase can help set a precedent for sustainable practices in the daily operations of your new warehouse down the line. It’s an opportunity to transform not just locations, but mindsets too. Maximize Efficiency By Moving in Fewer Trips To minimize the environmental impact of your warehouse shift, focusing on efficiency is a key strategy. This often means making fewer trips during the move. Here are some tactics that can help you achieve this: These methods promote sustainability by conserving energy and reducing carbon emissions. Your wallet – and the planet – will thank you! In conclusion, initiating eco-friendly practices during a warehouse move is a proactive step towards sustainable operations. By ensuring meticulous planning, rethinking materials used, maximizing efficiency, and more, you contribute to reducing environmental impact. Your journey towards sustainability starts with this green move.

Home warranties provide numerous advantages to homeowners. Finding a trustworthy provider with terms, conditions, and clauses tailored specifically to your coverage preferences is key when purchasing such plans. Consider hiring a company with experience resolving disputes and an established list of qualified contractors; this will ensure an easy process should your system or appliance ever malfunction. Click here to read the full report if you want to learn even more than what is highlighted below. Peace of Mind Home warranties can be an excellent way to alleviate anxiety related to potential appliance or system failure. Instead of trying to figure out how to repair something yourself or find an available professional quickly in case of an emergency situation, simply call your provider and they will send someone right away to assist. Before purchasing a home warranty plan, be sure to read all of its fine print and read customer reviews on its website, including reports with the Better Business Bureau. Inquire with friends or neighbors regarding their experiences with similar plans so you have an idea of what you may be getting into. Keep in mind that lower annual premiums often come with limited coverage or financial limits and that home warranties cannot protect against everything that could go wrong with appliances or systems, yet many find the peace of mind they provide worthwhile. Predictable Budgeting Home warranties tend to be far less costly than paying out-of-pocket for repairs and replacements. A warranty company’s service fee covers the cost of an on-site technician who can assess what needs to be done, before scheduling an appointment to repair or replace it. Home warranty companies are subject to consumer protection laws in each state they operate in; some require registration while others mandate license or certification to operate within specific regions. Home warranties can appear expensive initially, but can make financial sense over the long run. Your premium payments could go toward building up a rainy day fund in an interest-bearing savings account that’s ready when something breaks. When selecting your provider make sure they offer clear contracts that outline standard, optional, and upgrade coverage; that way you won’t get any surprises later down the line and can show a track record of customer satisfaction as well. Comprehensive Coverage Home warranties provide homeowners with an insurance-like plan that protects systems and appliances against costly repairs. When homeowners submit claims, vetted technicians are sent out immediately to assess and repair issues quickly – taking away stress so you can continue living life comfortably! Home warranties also take the stress and uncertainty out of system maintenance by assuring that all components are functioning as they should. Should something break, homeowners can call their provider’s customer service number or access their online portal to file a claim and the company will send a contractor out within 24-48 hours to address it or cover replacement costs as necessary. Providers offer both system and appliance warranties, with increasing coverage options as you increase your plan options. When making an informed choice about home warranty companies, you must discuss protections and exclusions with their representative, then analyze a sample contract to make an educated choice. Home warranty companies need to balance risk against payout claims; hence they set limits on what events they cover and their corresponding payout limits for each. Convenience Home warranty companies typically repair rather than replace appliances and systems, saving you money. In cases where repairs cannot be completed, home warranty providers may offer cash settlement or replacement options as an option. Many home warranties allow you to add additional systems or appliances to your plan, which can be useful if you have a pool, hot tub, or rooftop solar that would be difficult to cover under an initial policy. Home warranties can provide peace of mind to both home buyers who purchase pre-owned properties with little information on repairs and maintenance history, and sellers who wish to attract potential buyers by offering active warranties. It is wise to research providers thoroughly to choose one with clear contracts with transparent terms, conditions, and clauses to prevent surprises down the line; ultimately the savings and convenience that home warranties bring far outweigh any initial investment made into them.

The article was written with the help of Chris Atkins, a Chief Innovation Officer at The Gap Partnership. This special report on the hot topic of biflation examines the paradoxical state of affairs in which both inflation and deflation occur in the economy. Navigating these challenging and complex conditions requires a range of highly tuned commercial skills. This article shares a four-point plan for negotiators to equip themselves with tools and strategies to face into biflation. Increasingly our clients are coming to us because they are caught in the biflation vice: pressure from governments and consumers to reverse the significant inflationary pricing we have experienced over recent years while still trying to recoup current and historical commodity price increases. So, what are we seeing and how can we most effectively address this paradox? The current situation First, there is a perception that commodity cost increases have halted. Unfortunately, that is not the case. There is undoubtedly a slowing and, in some cases, a reversal of the shocking escalation that we saw last year. But in the longer term, the trend remains upwards. It is also true, as can be seen from this shorter-term chart, that certain critical commodities continue to rise sharply. Second – and here’s the real paradox – many consumer goods companies are reporting that offtake remains strong despite inflation, so accepted price elasticity models are nullified by the ubiquity and scale of the increases we have seen. If this paradox is reality, it’s highly unlikely that reductions in consumer price will produce volume gains, and we know from using our cost increase cost decrease profit calculator that, even in ‘normal’ economic conditions it’s rare to offset price decreases by real volume-related profit benefits. This calculator helps you to quantify, in simple terms, the value of any potential price increase or the cost in margin absorption of missing your target. It makes compelling reading! In this reality, both the retailer and their suppliers are likely to lose margin, which is not good in an industry already under wage and margin pressure. You could call it a true lose-lose situation. What to do? It would be easy to ignore biflation. Consumer goods companies have become increasingly confident and adept at negotiating price increases, not just annually, but several times in a year. And these increases have been accepted by the consumer with little change in buying behavior. This year it will be different. The pressures are different, attitudes are different, and the power balance has shifted. With that in mind, here are some points to consider: ONE: Don’t become complacent. The landscape has changed, but do you know what aspects have altered and by how much? What is the real situation of your counterparty and how can you turn this from a lose-lose to a win-win? TWO: Get forensic. Sweeping statements about the scale or even the reality of cost of goods increases are being more scientifically challenged with increasingly sophisticated should-cost modelling. Don’t find yourself on the back foot of your counterparty’s analysis. It is critical to understand your cost drivers and margin enhancers. THREE: Be rigorous. Market dynamics, competitor approaches, inflation fatigue, government intervention, consumer sentiment: all of these will have an impact on the trajectory and success of your negotiations. Ignore them at your peril and carefully monitor the ebb and flow of the marketplace to identify the optimum timing. Negotiation planning should not be a function of your corporate calendar, but of optimizing results. FOUR: Unify communications. There is an increasing need for external communications teams to be involved in planning, so they are aware, aligned and prepared for any resulting trade or mainstream publicity as, increasingly, positioning is played out in the public domain. Additionally, check the messaging of your corporate communications. Annual reports paint the best picture of profitability. How will your counterparties read those messages? These considerations will be the difference between successfully navigating the turbulent waters of biflation, or getting caught in the maelstrom. Only two questions remain. How ready are you? Have you started planning yet? To find out more about how The Gap Partnership can support you with the challenges that biflation presents, please get in touch. We’d be delighted to help. 

You can use handrails in your commercial property to improve health and safety. Handrails are also beneficial for reducing the risk of slips, trips, and falls, which can lead to serious injuries. Sturdy handrails provide an anchor that workers and visitors can rely on if they feel unsteady. They are great aids for older adults with limited mobility or individuals who are struggling to navigate your premises. You can get a wide range of different types of handrails nowadays. Each one offers unique benefits and functions that you should consider before installing any on your commercial property. One of the most common types of handrails used in commercial buildings is the free-standing handrail. Knowing where to place free-standing handrails is essential for providing the safest and most convenient environment in your building, provided they meet building safety standards. The question is, ‘Where are the best places to install free-standing handrails?’ One of the most crucial handrail locations on your commercial property is by entrances and exits. Free-standing handrails enable your employees and visitors to enter and exit your building safely, avoiding accidents and injuries that could lead to costly compensation claims. Entrances and exits are high-traffic areas, and handrails provide support and stability during peak times for people with a wide range of needs. They also enhance the appearance of your building’s exterior by framing the doors and increasing professionalism. Stairways can be some of the riskiest areas in a property because there is a higher risk of slips, trips, and falls. Placing free-standing handrails along stairs on your property, both indoors and outdoors, provides stability and minimizes injury risks as people maneuvre around your building. Similarly, you can also use free-standing handrails along elevators and escalators in case people require additional support when standing on them. Ramps are necessary as part of the Americans with Disabilities Act (ADA) which requires you to make your property accessible to individuals with disabilities. Ramps enable those in wheelchairs to get into and out of your building easily. Free-standing handrails are the best choice for ramps that aren’t placed directly next to a wall, as they don’t require an anchor to be fitted. You should install handrails along the entire length of the ramp so your employees and guests can ascend or descend the ramps without injury risks in the office or on the shop floor. Long corridors and hallways can be daunting for people with mobility or balance issues, especially if there is nothing to grab onto as they are walking from one room to another. Installing free-standing handrails provides support along passageways so everybody can stay safe, and you can avoid any personal injury claims. Consider installing wall-mounted handrails along narrower corridors and hallways to save floor space and ensure every area of your property is accessible for those with wheelchairs.

In the management of warehouses, it is important to be aware of the dangers that could occur at the workplace. It is easy to be lenient with these risks, especially when there hasn’t been an incident in a while. Although there have been technological advancements and the use of automated devices has become widespread, warehouses still heavily rely on human workers. Because of this, warehouse managers need to prioritize the staff’s safety and well-being. In this article, we will explore the major causes of warehouse accidents and provide practical solutions to prevent them. Common Causes of Warehouse Accidents Slips, Trips, and Falls A study by the US Department of Labor showed that 25% of workplace injuries are caused by falls and slips. Warehouses become hazardous when water seeps in through a leaky roof or liquid spills on the floor accidentally. This creates slippery surfaces that pose a risk to workers. Water is not the only source of concern; spilled oil or chemicals can make the situation more dangerous. Falling Objects As businesses expand, there’s often a rush to utilize every inch of warehouse space.  This haste can result in haphazard stacking and overloading of shelves. A minor disturbance or a weak shelf can send products crashing down.  Periodic shelf inspections and adhering to load recommendations are essential. Forklift Accidents With their robust engines and piercing forks, these vehicles are indispensable yet potentially deadly.  Forklift safety videos and operation courses are essential tools you can utilize to prevent accidents. A distracted operator or a minor mechanical fault can lead to significant accidents. Having clear forklift lanes, installing warning lights, and rigorous operator training can greatly reduce these risks. Poor Ergonomics The design of a worker’s space can have a profound impact on their health.  Continual lifting, bending, or reaching awkwardly strains the body over time, possibly leading to chronic conditions.  Regular ergonomic assessments, providing adjustable workstations, and training in safe lifting techniques are essential. Electrical and Fire Hazards Electrical malfunctions aren’t just about flickering lights. They can sometimes spark fires, especially when flammable materials are poorly stored nearby. Routine electrical system checks, coupled with a robust fire response system (including sprinklers and accessible fire extinguishers), can help prevent disasters. Chemical Spills and Exposures Some warehouses store chemicals, and some of them can be volatile. When these substances leak or mix, they can produce toxic fumes or even explode.  Chemical safety training, proper labeling, and having spill cleanup kits accessible can counteract these dangers. Lack of Proper Training and Communication Assumptions are dangerous. Assuming a worker knows how to operate machinery or handle chemicals, it can be catastrophic. Regular refresher courses, language-specific instructions, and open channels for raising concerns are essential. Insufficient Lighting and Signage Dimly lit corners or blindingly bright lights can both lead to accidents.  Proper, even lighting, especially in areas with vehicle traffic or intricate manual tasks, should be made available.  High-visibility signage, possibly even with reflective or luminescent properties, can guide workers safely. Inadequate Personal Protective Equipment (PPE) PPE, from safety goggles to steel-toed boots, acts as the last line of defense against accidents.  Management should not only provide quality PPE but also strictly enforce its use. Regular audits can help in this regard. Congestion and Clutter A cluttered warehouse isn’t just an eyesore; it’s a hazard. Boxes stacked in aisles, misplaced pallets, or even abandoned equipment can lead to trips, falls, or obstructions in emergencies.  Implementing lean warehouse principles and frequent decluttering drives can transform chaos into order. Proactive Measures to Prevent Warehouse Accidents Regular Safety Audits and Inspections Third-party inspections can offer an external perspective on potential hazards, as they are free of internal biases.  These audits, complemented by internal checks, ensure a holistic safety approach. Comprehensive Training Programs Beyond initial orientation, periodic safety workshops, emergency drills, and even gamified safety challenges can keep safety at the forefront of every worker’s mind. Clear Signage and Communication Using technology, such as digital sign boards for IoT devices that alert workers about hazards, can be game-changers.  Furthermore, monthly safety briefings ensure everyone is on the same page. Mandatory Use and Availability of PPE Regular spot-checks, incentives for consistent PPE use, and quick replacements for damaged equipment ensure that workers are always protected. Emphasizing Cleanliness and Organization The Japanese concept of ‘5S’ (Sort, Set in order, Shine, Standardize, Sustain) can be a guiding principle, ensuring that everything has a place and clutter is minimized. Ergonomic Solutions and Workstation Design Incorporating feedback from workers, introducing tools like lifting belts, and ensuring regular breaks can promote ergonomic health. Equipment Maintenance and Certification A logbook for each significant piece of equipment, recording its maintenance schedule and any faults, may be quite useful.  This method guarantees that interventions are made before breakdowns occur. Robust Emergency Protocols Clear, illuminated escape routes, frequent evacuation drills, and accessible emergency medical kits can make the difference between a minor incident and a tragedy.

Recently, the Turkish real estate industry has experienced a surge in growth; with demand for modern, high-end housing on the rise. This trend is expected to continue, as more people seek out luxurious residential properties. To meet the high demand for housing, developers in Turkey have rolled up their sleeves and built residential complexes. Buying off-plan in Turkey by Yekta Homes directly from the developer can offer significant advantages to buyers, including access to off-plan residential complexes, better prices and deals, and the ability to customize your living space. Advantages of Buying Directly from the Developer Purchasing from the developer offers a huge advantage, since you have access to off-plan residential complexes. This allows for more flexibility than what other purchasing options provide. These are properties that are still under construction, which means that buyers can purchase their desired property before it is completed. This option allows buyers to secure their ideal property at pre-construction prices and benefit from greater flexibility in choosing their preferred layout and design. Another advantage of buying directly from the developer is access to better prices and deals. Developers often offer early bird discounts or other promotions to attract buyers during the pre-construction phase. These incentives can help buyers save money on the overall cost of the property and provide them with an excellent return on investment when they decide to sell in the future. Finally, buying directly from the developer also gives buyers the ability to customize their living space. In many cases, developers will offer buyers the opportunity to make alterations to the original design plans, such as choosing finishes, appliances, and other features. This customization allows buyers to create a space that suits their individual needs and preferences. Benefits of Buying Property in New Buildings New buildings offer several benefits over older buildings, including modern amenities and facilities, energy efficiency, and increased property value over time. Modern amenities and facilities include features such as gyms, swimming pools, and outdoor spaces, which are becoming increasingly important to buyers looking for a comfortable and convenient lifestyle. Many people take energy efficiency into account when purchasing a home, to save on utility costs and create a more sustainable environment. This can make a huge difference in terms of cost savings and environmental impact. New buildings are also likely to appreciate in value over time, providing buyers with a strong return on investment. Why Choose Turkey for Real Estate Investment Turkey is a great place to invest in property – it has robust economic expansion, political dependability, beneficial policies & taxes for foreign investors and competitive prices compared to other countries in Europe. The Turkish economy has been growing at a steady pace, with GDP increasing by 5% in 2022 despite the challenges such as pandemic. With the growth of this market expected to persist in the future, investors have an opportunity to yield a reliable and profitable return on their investment. Furthermore, Turkey has a beneficial legal framework for real estate investments that safeguards foreign investors and simplifies the transaction process for properties. Investors from abroad are especially encouraged by the country due to its attractive tax benefits. These include reduced VAT charges and exemptions on some properties purchased in the region. Finally, the property sector in Turkey is highly competitive, with prices that are significantly lower than other European countries, such as Spain or Italy. Different Types of Turkish Real Estate Available for Sale People looking to buy real estate in the country can find a range of options including flats, apartments and duplexes. Each type of property has its own unique features and amenities, making it important for buyers to carefully consider their preferences and needs when choosing a property. Flats and apartments are generally smaller and more affordable, while duplexes offer more space and flexibility for larger families or those who need additional living space. When considering specific properties, buyers should also take into account features such as location, access to public transport & schools, shopping, and other amenities. Other considerations might include the orientation of the property, the number of bedrooms and bathrooms, and the presence of outdoor space. What to Consider When Buying Real Estate from the Developer in Turkey When buying real estate from a developer in Turkey, there are several key considerations to keep in mind. Before making any purchase decisions, it is essential that buyers thoroughly investigate the background of the developer. This should include looking into their past performance when it comes to completing projects on time & within budget. It is also important to understand the payment schedule and financing options available, as well as review the contract and legal documents carefully to ensure that there are no hidden clauses or fees. When purchasing a property, it is highly recommended that buyers consider seeking assistance from an experienced real estate agent. This can ensure that you have the right support throughout the process, from choosing a property to successfully navigating any contract negotiations and closing the deal. With the help of an expert agent, it is likely to experience a seamless and anxiety-free property purchasing process in Turkey. They have the necessary skill set to assist you through the intricate legal & financial formalities of such a transaction. Conclusion Generally speaking, buying real estate from the developer in Turkey is a great idea. It provides many advantages for the buyer such as access to off-plan residential complexes, great prices and deals, and customizing your living space just the way you want it. New buildings also offer modern amenities and facilities, energy efficiency, and increased property value over time. With its strong economic growth, political stability, attractive legal & tax incentives, and competitive prices, Turkey is a desirable market for real estate investment. It would be wise to take some time to think through the different factors that could affect your choice when buying real estate from a developer in Turkey. This includes considerations such as property type, location, and amenities. Considering all the advantages,

In the ever-evolving construction industry landscape, understanding how Forex fluctuations impact international projects has become paramount.  As construction companies grapple with the challenges posed by foreign exchange rate changes, it’s crucial to comprehend the intricacies of what is Forex, the largest financial market in the world, and how its fluctuations can disrupt project timelines, budgets, and supply chains. What is Forex? Forex, short for foreign exchange market, is a prevalent term that refers to the largest financial market in the world.  Foreign exchange or Forex risk refers to the change in value or fluctuations of two currencies that affect an investment value. There are two common types of risks that construction companies face: transaction risk and translation risk.  Transaction risk occurs when a payment is to be received in foreign currency and translation risk occurs when a company has liabilities and assets in a foreign currency. Forex fluctuations can result in a significant loss or gain on payments, assets and liabilities.  How the Construction Industry is Affected  Here is how fluctuations affect construction:  It may cause delays, producing potential problems for subcontractors, including overruns, arbitration, disputes, abandonment and litigation. Forex fluctuations can cause budget issues for the construction company, especially if prices on imported materials become too high.  Already, inflation is dictating prices across the globe. Any fluctuations mean it could cause indefinite delays to projects. Although some currencies maintain a value by being pegged to the US dollar, some smaller currencies are subject to the free-floating exchange rate detected by macroeconomic factors.  Managing Currency Fluctuations Risk There’s no simple solution to stopping the risks associated with fluctuating currency rates, but there are some strategies that construction companies could employ.  When creating the budget, don’t depend solely on the current exchange rate when pricing. You can research to find the highest possible exchange rate. Have a baseline rate that includes upper and lower boundaries.  Have a contract that states clearly the possibilities of price changes due to the exchange rate risks. In a written agreement, it should be noted that the construction company can present a claim if the exchange rates increase. The procurement team must go for the most favourable currency to ensure quote fluctuations are handled. They can use the most stable currency in the market.  This is an option construction companies pay for. They hedge the fund through finance institutions by buying spot contracts. These contracts protect the company against any changes and fluctuations in exchange rates.