Houston’s hospital builders say proposed tariffs are pushing well being methods to behave quick — earlier than provide prices rise much more.
HOUSTON — One in all Houston’s most prolific builders of hospitals stated purchasers are already responding to the impression of proposed tariffs, that are exacerbating provide chain points uncovered by the COVID-19 pandemic.
Preston Hodges, senior vice chairman of McCarthy Constructing Cos., stated the agency is taking a project-by-project strategy with regards to navigating tariffs that might have a huge impact on the numerous hospital initiatives the corporate is engaged on in Houston.
One clear impression is that purchasers are dashing up their buying timeline, he added.
“If (hospitals) have some cushion and contingency of their funds, … they higher (go) full pedal on the gasoline as a result of I don’t suppose something’s going to get cheaper,” Hodges stated. “I believe everybody can agree that costs are going to proceed to rise, so if you might want to construct it, construct it now, purchase it quickly, both to keep away from the tariffs or to keep away from continued escalation.”
This yr, McCarthy is constant work on Harris Well being System’s new Lyndon B. Johnson Hospital campus, for which taxpayers accepted a $2.5 billion bond in November 2023.
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