Bids went out on March 19th. 25% tariffs on Canadian and Mexican goods had been announced a month-and-a-half before, on February 4th. “Liberation day” had been scheduled, although was still two weeks away. “Reciprocal” tariffs on the rest of the world surprised to the upside but were to a large degree rolled back in May. Tariff rate expectations on March 19th were not lower than they are now.
As a gauge, the S&P 500 has tracked tariff expectations pretty reasonably this year. On March 19th it closed at 5,675, a 7.5% decline from mid-January highs. The S&P 500 closed today at 5,971, a 5.2% rise from March 19th. The CCBC and the architect should have been wise enough to adjust the product scope to account for the inflationary pressures. I did not attend the meetings, but I’d speculate they didn’t do it because of 1) insularity/ general lack of financial savviness, and/or 2) unwillingness to compromise their vision. A well-rounded team to manage this important project they were not. David Cuetos On Wed, Jun 4, 2025 at 17:23 Laura Glynn <[email protected]> wrote: > So next time I have a house project I should just tell my boss to raise > my salary because my proposed addition or conversion to heat pumps came in > over budget? > > That will be a short conversation > > What do you suggest we taxpayers cut out of our personal budgets to fund > the town’s overspending > > Your point is correct that the trade war has caused major problems and any > idiot would have seen this coming. A competent and responsible committee > would have required a design with pieces to eliminate to meet budget > > Please stop trying to excuse this (imho) blatant bungle > > Laura Glynn > > On Wed, Jun 4, 2025 at 5:08 PM Andrew Payne <[email protected]> wrote: > >> Laura G. wrote: >> >> Any executive who presented to a board of directors for approval what >>> has been presented so far would be fired for incompetence >>> The committee’s job was to make sure they said no enough to keep it >>> within budget >>> >> >> Unfortunately, our request for bids went out at the beginning of a trade >> war, making material costs extremely unpredictable. Even worse, the trade >> war doesn't seem to have a >> coherent tariff strategy, making things even more volatile. >> >> Fault the CCBC for what you want, but this one's unfair (IMHO). >> >> One resident's view, >> >> -andy >> > -- > The LincolnTalk mailing list. > To post, send mail to [email protected]. > Browse the archives at https://pairlist9.pair.net/mailman/private/lincoln/ > . > Change your subscription settings at > https://pairlist9.pair.net/mailman/listinfo/lincoln. > >
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