ECN Electrical Forum - Discussion Forums for Electricians, Inspectors and Related Professionals
ECN Shout Chat
Top Posters(30 Days)
Potseal 11
Recent Posts
Permit Snafus...AHJs and Contractors Jump in
by sparky. 04/29/17 05:59 PM
201 volt equipment?
by bigpapa. 04/29/17 12:15 AM
Schneider LC1D09
by jraef. 04/28/17 11:05 PM
Electrode boilers question
by annemarie1. 04/27/17 01:40 PM
Why cables look like they do
by LongRunner. 04/26/17 09:36 AM
New in the Gallery:
SE cable question
Popular Topics(Views)
235,003 Are you busy
169,843 Re: Forum
163,043 Need opinion
Who's Online Now
0 registered members (), 40 guests, and 11 spiders.
Key: Admin, Global Mod, Mod
Previous Thread
Next Thread
Print Thread
Rate This Thread
#34838 - 02/24/04 07:30 PM Copper and Steel $  
golf junkie  Offline
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


Work Gear for Electricians and the Trades

#34839 - 02/24/04 10:08 PM Re: Copper and Steel $  
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.


#34840 - 02/24/04 10:45 PM Re: Copper and Steel $  
electure  Offline


Member
Joined: Dec 2000
Posts: 4,259
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).]


#34841 - 02/25/04 11:56 AM Re: Copper and Steel $  
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


Member Spotlight
SafetyWired
SafetyWired
Pa, USA
Posts: 44
Joined: July 2013
Show All Member Profiles 
Featured:

2017 NEC and Related
2017 NEC
Now Available!

Shout Box
Powered by UBB.threads™ PHP Forum Software 7.6.0
Page Time: 0.010s Queries: 14 (0.002s) Memory: 0.7593 MB (Peak: 0.8905 MB) Zlib enabled. Server Time: 2017-04-30 11:00:29 UTC