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Rising material costs and scarcity solution
Rising material costs and scarcity
Order ID 53563633773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages to Order 5-10 Pages Description/Paper Instructions
Rising material costs and scarcity
The construction industry has been facing significant challenges in recent years, particularly with rising material costs and scarcity. This has been driven by a number of factors, including increased demand for construction materials, supply chain disruptions, and global economic trends.
One of the primary factors driving the rise in material costs is the increased demand for construction materials. As the global population continues to grow, there is a growing need for new housing, commercial buildings, and infrastructure. This has led to an increase in demand for materials such as lumber, steel, and concrete. In addition, the COVID-19 pandemic has led to a surge in demand for home renovation and DIY projects, which has further increased demand for construction materials.
Supply chain disruptions have also played a role in driving up material costs. The pandemic has led to significant disruptions in global supply chains, including shortages of raw materials, transportation delays, and production shutdowns. This has led to increased prices and reduced availability of construction materials, as well as delays in construction projects.
Global economic trends have also impacted the construction industry. In particular, the trade tensions between the US and China have led to increased tariffs on certain materials, such as steel and aluminum. This has further driven up material costs and made it more difficult for construction companies to remain competitive.
The scarcity of certain materials, such as lumber, has also been a significant challenge for the construction industry. The COVID-19 pandemic led to a significant increase in demand for lumber, as homeowners took on renovation projects and contractors continued to build new homes. At the same time, lumber mills faced production shutdowns and labor shortages, leading to a shortage of supply. This led to a significant increase in lumber prices, with prices reaching all-time highs in 2021.
To address these challenges, there are several steps that can be taken. One key step is to increase investment in domestic production of construction materials. This can help to reduce reliance on foreign suppliers and mitigate the impact of global supply chain disruptions. It can also help to create jobs and stimulate economic growth.
Another important step is to improve supply chain management. By working with suppliers to improve inventory management and reduce waste, construction companies can help to reduce costs and increase efficiency. They can also consider alternative materials or methods of construction that may be more cost-effective or sustainable.
Government policies can also play a role in addressing rising material costs and scarcity. This can include policies that support domestic production, reduce trade barriers, and incentivize the use of sustainable materials. Governments can also provide funding or tax incentives to support research and development of new materials or construction methods.
In conclusion, rising material costs and scarcity are significant challenges facing the construction industry. Increased demand for construction materials, supply chain disruptions, and global economic trends have all contributed to these challenges. To address them, there is a need for increased investment in domestic production, improved supply chain management, and government policies that support sustainable and cost-effective construction practices. By working together to address these challenges, the construction industry can continue to grow and thrive in the years ahead.
Rising material costs and scarcity
RUBRIC
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points: Student failed to submit the final paper. 5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors 10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. Structure of the Paper (worth 10% of total points) Zero points: Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper.
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