I recently received a letter from my ready mix supplier announcing an 8% increase per delivered yard due to increased fuel costs, insurance premiums, etc.
HOWEVER, they had the Decency to inform me and others that they would honor bid quotations on pending and signed construction contracts that were entered into prior to their announced increases. And they will honor those prices through completion of the project(s).
For me, that’s equal to about $1800 that would have come out of my pocket had they blindsided me like most other suppliers and insurance companies, etc.
They’ve always been a good outfit, but they just “cemented” my loyalty a bunch more and should be held up as a good example!
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Believe it or not, I JUST today got the same kind of notification for the same % increase. Is this an industrywode phenomenon?
Not the decency, the price increase. Stands to reason with the fuel cost and insurance.
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I got something similar from the drywall supplier i have an account with. They are also cutting back the discount i get for paying my bill on time. They are also citing fuel costs. I can understand it because the fuel costs are hurting me and I only run one truck now. I guess most places tried to just absorb the costs thinking that prices would eventually go back down.
The fuel costs ... That's it...
Insurance went up and that's gotta be their reason. those boys have enter cripple me mode.
Who ever invented work didn't know how to fish....
only probelm with concrete is they can control how much in a truck and write on the ticket a larger load causing you to buy more. 99% do not do this but I know one that does. they control the yield, or cut back in cement to increase profit
You're right in saying that it was nice of them to give you some warning, and to honor old pricing on signed contracts.
Seems like everything is going up this year. I had expected OSB to drop like a rock this winter, but it hasn't. God knows what will happen next spring and summer.
We're raising out truss prices due in part to the rising cost of steel for the plates. We recently got hit with a big increase there.
I've heard drywall is going up, but don't know for sure.
Hey Norm, how's the world been treating you?
Like a baby treats a diaper.
of course, part of your truss increase is to cover errors of silly HOs expecting free design work, right?
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I've heard drywall is going up, but don't know for sure.
drywall is going up everyday LOL!!!
My sheet metal man told me yesterday that steel is going up 20% in a minute or two. Suggested I buy my metal roofing right now if I'm going to do that this year. Apparently the Chinese are buying up all the scrap steel...?
>> Apparently the Chinese are buying up all the scrap steel...?
Well at least there's a way to check that story. If the price of scrap is going up, it may be true. If the price of scrap is not going up, it's definitely false.
I just got a letter from the supplier of the 30'x40' shop building that I put a desposit on last fall that the price was immediately 9% higher than what I had signed for. I was thinking I would get it up before winter, but then found out during the processing of my permit that I had gone six weeks over the one year limit on my site plan and had to start the whole process over. I had put $1000 down to get the plans for the permit with the rest to be paid on delivery which didn't happen without the permit.
Turns out that there is new steel building supplier in the area from which I may be able to get the building I want for less than paying the previous supplier the remaining amount with a 9% increases. I guess if they can up the price, I can cancel the order...
If you want to see how much the scrap steel prices have shot up, check out the right hand graph on:
http://www.metalprices.com/
A news article a couple of months old on the 40% rise in scrap steel prices during the last calendar year:
http://money.cnn.com/2003/12/04/markets/scrapsteel/
article on steel/rebar
Edited 2/25/2004 10:09:57 PM ET by Cloud Hidden
drywall went up here recently, actually it's been going up for quite some time