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Petroleum blows the roof off bids in Wisconsin
- Article from:
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Daily Reporter (Milwaukee)
- Article date:
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July 22, 2008
- Author:
- Sean Ryan
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Copyright informationCopyright 2008 Daily Reporter (Milwaukee). Provided by ProQuest LLC. (Hide copyright information)
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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 ...