Yearly, we take under consideration the U.S. Bureau of Labor Statistics CPI and the California CPI, to determine the base COLA increase rate, but clearly this year's CPI numbers are very high due to inflation. This said, and also taking under consideration the high cost of running a business (material pricing escalation, covid costs, fuel, etc.), how are other construction companies calculating a base rate for any COLA increases?
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Leticia Parises
Controller
Collins Electrical Company, Inc.
Stockton CA
12094663691
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