Maurice Rahming

It's a lot slower.

There's a little bit more volatility.

Some markets are just really, really slow and not going at all.

Some are picking up and then slowing down, but we've definitely seen a slowdown.

It's the uncertainty in the marketplace between interest rates, being able to get material.

It doesn't seem like we have a good feeling on which way the market's going to go.

So there's a lot of pullback in the market.

Yeah, it's shift in tariff policy because of the way the tariff policies are kind of working.

It's hard to price out projects.

It's hard to let the customer know what the cost of the project will be over a long period of time.

So if you think about how we look at permitting and just going through the process, we need some sort of certainty to be able to hold our prices.

And so when we have those price fluctuations, it's a really hard thing to move forward.

any size firm right now because we can't give the customer a solid answer on pricing on certain projects.

Definitely.

Between steel, metal, copper, when you start looking at lightening and just some of the equipment that we purchase, I mean, most everything has some sort of foreign product in it.

And a lot of what we do...

Because construction is so much more technical than what it used to be, we're dependent upon that stuff in order to make these integrated systems actually work collectively together.

So most buildings that we build are smart buildings.

So we end up with just a lot of product coming in from all over the globe.

Thank you, Dave, for having me.