ECN Electrical Forum - Discussion Forums for Electricians, Inspectors and Related Professionals
ECN Shout Chat
ShoutChat
Recent Posts
Danish type K Sockets
by winston_1 - 10/25/21 07:30 PM
Flexible Conduit?
by gfretwell - 10/24/21 01:59 AM
May I backfeed 3 phase transformer?
by dsk - 10/22/21 04:37 AM
Wire sizing
by gfretwell - 10/21/21 10:12 PM
GFCI's pops in large numbers
by dsk - 10/21/21 02:03 AM
New in the Gallery:
240/208 to a house
240/208 to a house
by wa2ise, October 9
Now you know.
Now you know.
by Tom_Horne, September 7
Who's Online Now
0 members (), 19 guests, and 20 robots.
Key: Admin, Global Mod, Mod
Previous Thread
Next Thread
Print Thread
Rate Thread
#162389 04/18/07 05:26 PM
Joined: May 2005
Posts: 41
L
Member
Does anyone else have Escalation Clauses as part of their proposals? With wire prices so volatile, we put one in about a year ago and, boy do we get flack! It just seems more would be doing it rather that taking a big hickey on a job.

Joined: May 2005
Posts: 706
T
Member
I understand why you'd want such a clause, but would it be needed if you purchased materials when the contract was signed?

Dave

Tiger #162414 04/19/07 01:43 AM
Joined: Jul 2002
Posts: 717
M
Member
Tiger, I had a single project that lasted 5 years. An escalation clause is a very good clause for any extended projects, specially with the current trends in copper pricing. Thankfully we did not need it so much back then.

Tiger #162446 04/19/07 10:48 AM
Joined: Nov 2006
Posts: 348
I
ITO Offline
Member
Originally Posted by Tiger
I understand why you'd want such a clause, but would it be needed if you purchased materials when the contract was signed?

Dave


This is pretty much how I handle it too. The only problem I have with this solution is making sure I can get paid for stored material before I sign the contract.


101° Rx = + /_\
ITO #162460 04/19/07 01:48 PM
Joined: May 2005
Posts: 41
L
Member
Okay, so when you get a job with say 10 - 20 200 Amp+ feeders, do you just buy a little extra in case of obstacles? I can see when it is mostly same size conductors... I guess you all have warehouses large enough to store several large project? - well, large being 200 - 800K range.

Joined: Oct 2003
Posts: 172
G
Member
Buying all your material at the start is good for a small job but on a large one not practical because you only get payed for what is on site and your feeders may not be required for 6 months,and most won't ok this.

Joined: Nov 2006
Posts: 348
I
ITO Offline
Member
On a lot of contracts if you have a bonded warehouse, there is an avenue for drawing on stored materials. Generally speaking I buy all my wire, raceway, fixtures, and devices shortly after getting back my approved submittals.


Last edited by ITO; 04/19/07 03:52 PM.

101° Rx = + /_\
ITO #162474 04/19/07 04:45 PM
Joined: Feb 2004
Posts: 75
S
Member
We have an escalation clause in all our contracts. we a lot of longterm jobs that drag out forever and purchasing material ahead of time isn't usally practical for us. A lot of the jobs are always contantly changing as well which makes up front purchases hard. It has been pretty well received by our customers. The main thing is making sure you have some kind of documentation to prove it.


Link Copied to Clipboard
Featured:

Tools for Electricians
Tools for Electricians
 

* * * * * * *

2020 Master Electrician Exam Preparation Combos
2020 NEC Electrician
Exam Prep Combos:
Master / Journeyman

 

Member Spotlight
waymag
waymag
dallas, texas, USA
Posts: 70
Joined: January 2002
Top Posters(30 Days)
dsk 7
Popular Topics(Views)
284,881 Are you busy
217,429 Re: Forum
203,743 Need opinion
Powered by UBB.threads™ PHP Forum Software 7.7.5