General contractor Eduardo Barboza highlights the significant challenges faced by his business due to uncertainty from tariffs announced in January. He notes that the usual speed of project estimation has tripled, with prices fluctuating unpredictably. As investors are hesitant to commit to renovation projects due to soaring costs, many are opting to sell properties 'as is.' While some projects remain obligatory, like vital maintenance work, the overall business climate has drastically shifted, putting pressure on contractors like Barboza to adapt their operational strategies to survive.
Pricing uncertainty caused by tariffs has forced contractors like Barboza to restructure their operations, making estimates challenging and leading to investor pullout from renovation projects.
Barboza has emphasized the slowdown of his business due to tariff impacts, stating it now takes longer to provide estimates, affecting workflow and profitability.
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