The Contractor's Song: The Times They Are A-Changin' — Managing Commodity Volatility In Water Infrastructure
Come gather 'round people / Wherever you roam / And admit that the waters / Around you have grown / And accept it that soon / You'll be drenched to the bone / If your time to you is worth savin' / And you better start swimmin' / Or you'll sink like a stone / For the times they are a-changin' - Bob Dylan
BY JEREMY HOLLAND
Bob Dylan clearly didn’t mean to describe in his song, “The Times They Are A-Changin,” the tremendous upswing in commodity prices that has occurred in the last six months and that could potentially “drench” our projects with added uncertainty and costs, but it is certainly true that one thing we can all count on is that in all times, things change. In our role of building water infrastructure projects, there is no doubt that managing change is one of the biggest requirements. So, let’s walk down the path of pricing change that has gotten a lot of people’s attention recently.