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What are you doing to prepare for the upcoming inflationary period

It seems inevitable that we will be impacted by inflation at some level in the near future.   Considering the small margins some contractors are earning to win construction projects and the potential length of these contracts, it seems inflationary pressures are one more element that may turn small profits into damaging losses.  What are you doing to hedge against inflation and the potential impacts it will have on your long term contracts?

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