Ouch

[craig]

Just received the communication from factories of increases, this is across the board, all products, all materials, including transport as a result of gas, electricity, raw materials. Everyone in the chain is basically facing increased costs and having to pass them on. Up to 18%, with transport costs subject to revision prior to dispatch and every project needing repriced before any orders being accepted by any of the manufacturers I use.

 

Best checking with your suppliers, they may not be increasing at the moment but it will definitely be pending. Our increases are immediate. 

[ToughButterCup]

So bang go many contingency funds then. God, its sh1t at the moment isn't it. 

[Conor]

In our company (water utilities) we're adding 20% to all new contract budgets to cover inflation over the year.

[nod]

I’m just so relieved the government has managed to keep inflation under 8%

[craig]

41 minutes ago, ToughButterCup said:

So bang go many contingency funds then. God, its sh1t at the moment isn't it. 

 

Yip.

 

Worth noting what we basically received from our suppliers. This gives some indication as to why everyone's costs are increasing. It makes for some grim reading & later this year could be much worse.

Edited March 15, 2022 by craig

[nod]

I think many suppliers are jumping on the bandwagon 

If fuel was to drop tomorrow They wouldn’t drop there prices 

Through lockdown oil prices plummeted 

I can’t remember haulage companies pass that on to the end user 

Once the recession kicks in They will all find a way to discount prices 

 

 

[SteamyTea]

31 minutes ago, nod said:

I can’t remember haulage companies pass that on to the end user 

Depends on the contract with their customers.

I know the MD of a large haulage customer, they have a fixed price plus a fuel surcharge that is auditable.

4 hours ago, nod said:

I’m just so relieved the government has managed to keep inflation under 8%

Generally when inflation goes up, so do the bank rates.

 

We lived abroad when the 1970's 'stagflation' hit the UK.  It is a hard position to get out from.

[craig]

12 hours ago, nod said:

 

I think many suppliers are jumping on the bandwagon 

 

Not when you see the cost increases for manufacturing, gas, electricity, fuel as an example. I know one of our manufacturers electricity and gas doubled from Dec to Jan.

 

Take that into account with the increased cost for timber, aluminium, hardware, glass etc. who all have increased costs to produce. Pass that onto the companies buying, who have increased costs to manufacture.

 

I’ve yet to see any evidence of anyone taken advantage of it. Everyone I have spoken too are concerned with the continued increases but also note that it’s business as usual, if not better than pre covid.

Edited March 16, 2022 by craig

[SteamyTea]

I used to use a company called London Toughened Glass.

The sheets used to pass though a tunnel with gas burners in it.

There was nothing done to recover the waste heat in the building.

Edited March 16, 2022 by SteamyTea

[nod]

Just called in Screwfix 

One shot mixing oil up from 1.25 to 399

Staple £11 for 2000

 

Tool station 

Nixing oil 1.50 same brand 

Staple 20% off 

£9 for 500 Same brand

Lots of business are doing this 

Shop around 

 

[Neilp]

Looks like I have picked a great time to start a project..

[CalvinHobbes]

1 hour ago, Neilp said:

Looks like I have picked a great time to start a project..

Same. Nerve wracking.