Newspaper article from our research archive:

Petroleum blows the roof off bids in Wisconsin

As petroleum prices rapidly drive up material costs, roofers don't know how much expenses will change between bidding and building.

But when contractors add a healthy buffer to their price to safeguard against shortfalls, they run the risk of being under-bid by the competition, said Richard Lemirande, president of Northern Metal & Roofing Co. Inc., Green Bay. At the rate prices are escalating, contractors run the risk of locking themselves into a bid that's too low to cover costs, he said.

"When you get into a hard-bid situation," Lemirande said, "that's when it becomes much more difficult."

Material prices for industrial and commercial projects are climbing faster than Don Leitel has seen ...

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