lumber inflation increase

Question

Can the contractor increase the lumber due to cost inflation by 45% that is what he wants from the customer

Answer 1

I have heard of this happening recently to many people. If you google "price of lumber" you'll see a couple of articles about what is happening and why it is happening. Cost inflation just generally means that the price went up across the industry, and it is harder for him to get the lumber at the same cost that he did before. So if his costs are going up, then the cost of the job has to go up for him to still make a profit or pay his guys.

Was there a written contract made ahead of time? He can not change that contract now, no matter what is happening. But if there was no written contract you have in your hand, unfortunately, there's not much you can do. If you research some articles that prove his inflation, 45%, is too high, then you can argue out of it. But the articles I found said the inflation was actually much higher than that.