Construction companies, manufacturers and other businesses that submit bids to win jobs say that process has turned unpredictable as rising materials costs expose them to potential losses.
As projects and orders stack up in a rebounding U.S. economy, some construction and manufacturing executives said they are surrendering profits on jobs or paying out of their own wallets to cover materials costs that exceed their bids. Rising prices for steel, copper, brass, lumber, laminate sheeting and plastic-based materials, such as PVC pipe, are particularly hard to predict and factor into bids, according to executives. Inventories of materials remain tight because of production and transportation bottlenecks as well as
That's how all those supply companies recover ......
Janet Yellen: 'I think we will have several more months of rapid inflation. So I'm not saying that this is a one month phenomenon.' 'But I think over the medium term, we'll see inflation decline back toward normal levels.'
Pass Through Costs of materials may be needed in the near future. When the government screws up the competitive markets, the private sector must adjust to rebalance the survivability factors.
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