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The Impact of Tariffs on Industrial Construction Projects

In this episode of Construction Connections, Greg Sizemore speaks with Kevin Batche about the significant impact of tariffs on the construction industry. They discuss the current landscape of tariffs, the areas most affected, and the importance of early mitigation strategies. Kevin emphasizes the need for owners to adapt their procurement processes and specifications to navigate the challenges posed by tariffs effectively. The conversation also highlights the potential benefits of the One Big Beautiful Bill and the importance of communication and collaboration among stakeholders in managing tariff-related risks. Chapters 00:00 Introduction to CURT and Guest Introduction 02:09 Understanding the Impact of Tariffs 03:45 Differences in Current Tariffs 04:40 Areas Most Affected by Tariffs 06:04 Lead Times and Bid Hesitation 10:48 Mitigation Strategies for Owners 12:05 Balancing Design and Performance Specifications 15:35 Leveraging the One Big Beautiful Bill 19:58 Sources of Information on Tariffs 24:13 Structural Changes in Procurement 28:15 Key Questions for Procurement 31:16 Future-Proofing Capital Projects 35:20 Enhancing CURT's Support for Owners 38:38 Identifying the Most Impactful Mitigation Area 39:49 The Role of Communication in Tariff Management 42:31 Final Thoughts and Conclusion