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Copper and Steel $ #34838
02/24/04 06:30 PM
02/24/04 06:30 PM
G
golf junkie  Offline OP
Member
Joined: Apr 2001
Posts: 507
York, NE
Copper prices are up 15% since January. Steel is up about half that much.

At this time of year we have a lot of open bids where we have not signed contracts yet. How do you protect yourself from price increases between the bid date and order date????

Most wholesalers will only honor their quoted prices for 30 days. With the volatile commodity market we have right now some wholesalers won't hold a price past "today".

Trying to renogotiate the price at contract time reopens the door to your competition.

How do you win at this game??

GJ

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Re: Copper and Steel $ #34839
02/24/04 09:08 PM
02/24/04 09:08 PM
W
Wirenuttt  Offline
Member
Joined: Nov 2002
Posts: 267
Massachusetts
If you have already had proposals signed I'm not sure there's a whole lot you can do other than try to renegotiate. If you are just starting to place bids, I would leave a open market price on all wire and steel.In other words, prices on wire and steel subject to price increase. Have prices available for that day only as it may change daily.

Re: Copper and Steel $ #34840
02/24/04 09:45 PM
02/24/04 09:45 PM
electure  Offline

Member
Joined: Dec 2000
Posts: 4,264
Fullerton, CA USA
Bid good for 30 days.
Right into the paperwork.

No problem?...S



[This message has been edited by electure (edited 02-24-2004).]

Re: Copper and Steel $ #34841
02/25/04 10:56 AM
02/25/04 10:56 AM
E
earlydean  Offline
Member
Joined: Dec 2003
Posts: 751
Griswold, CT, USA
Add a disclaimer in the fine print on your contract to allow for market prices up or down. (gotta be fair)


Earl

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