Metals and electrical goods seeing double-digit price rises

The Construction Leadership Council (CLC) are reporting that the impact of war in Ukraine on UK construction is “only beginning to be felt”.

Rising metal prices, along with a shortage of supply from neon producers in Odessa and Mariupol, plus bottlenecks for microchips and semiconductors from Asia, meant the electrotechnical sector is experiencing inflation on products above 20%.

“Without price continuity, it is harder for trades to quote for projects on fixed price contracts, and then seek to pass onto their customers any price increases for materials that would otherwise erode their profit margin,” they said.

“Furthermore, as manufacturers reprice materials and SME contractors continue to be required to sign up to fixed price contracts in advance of project delivery periods, considerable pressure is mounting on SMEs at delivery level.”

Unfortunately prices are not expected to drop, first we had the increases from the Pandemic and now the war and we know that the fuel prices are going to push prices up further.

Because of these huge pressures on prices when we quote for work the price will be fixed for a limited period of time. Wherever possible we will aim to source products at the earliest opportunity so we don’t have to pass price increases on to our customers.

If you are looking to get a price for a project we would be delighted to have the opportunity to quote for it. Offering expert advice and professional customer service our prices are competitive and the work is excellent.