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The pandemic has upended developer timelines on new construction projects, due largely to supply and labor shortages. As a result, projects just aren’t making it to the finish line on time. However, Patrick Winters, president and principal of Nadel Architecture + Planning, says there are a handful of simple ways that developers can mitigate the losses.

“While supply and labor shortages are definite challenges for today’s developers, there are ways to mitigate these challenges and bring projects across the finish line on time and within budget,” Winters tells GlobeSt.com. “Developing relationships with local suppliers and buying in bulk for economies of scale are two ways to overcome this obstacle.”

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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