Chelsea Building Group (CBG)
to do that; we rely on our relationship with them. We haven’t had issues in any trade really, getting somebody there or finding somebody to do the job, just because of the relationships we have built over the years.” With the construction business booming, along with the price of materials, CBG has had to eat the cost of fixed contracts and increase pricing on upcoming projects. “In our Cityside West community, the first lumber package there was around $35,000, and it is $115,000 today,” says Fontana. “It is absolutely crazy, but there is nothing we can do about it. The only choice we have is to pause construction, pause everything, but our fixed overhead makes it so that is not any better. We just have to keep moving, and we just, essentially, make less money.” Loyal relationships with vendors such as Builder Firstsource, Distinguished Cabinetry, and Pella Windows means that sometimes the company is given advanced warning of a price increase, allowing them to order early and stay ahead of skyrocketing prices. Chelsea Building Group’s two sister companies, TruGuard and Floor Coverings International, have been able to keep prices down for customers by taking a cut to their margins, an advantage that other builders in the area don’t have. CHELSEA BUI LDING GROUP (CBG)
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