Directors for Ronald McDonald House Charities of Hawaii and the Hawaii Architectural Foundation, with other partners contributing to a wide range of local initiatives. These efforts reinforce the firm’s long-held belief that strong communities make strong industries. NAVIGATING TODAY’S MOST PRESSING CHALLENGES Asked about the biggest challenges currently facing the construction sector, Engle points first to tariffrelated uncertainty. “Tariffs have created enormous unpredictability,” he explains. “A major tariff can change the cost of materials overnight, and the question becomes: who bears that cost? Developer? Contractor? Lender?” The firm has already begun drafting provisions and resolution procedures to address future tariff-related disruptions, but Engle acknowledges that this remains a significant and unpredictable risk factor. Economic uncertainty affects every stakeholder. Developers may need to re-evaluate feasibility, contractors must navigate pricing volatility, and lenders require stability to finance projects. When 66 BUSINESS VIEW MAGAZINE VOLUME 12, ISSUE 12
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