TITLE

Prices Jump 40% over a Year Ago

AUTHOR(S)
Hook, Brian
PUB. DATE
March 2006
SOURCE
ENR: Engineering News-Record;3/20/2006, Vol. 256 Issue 11, p37
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that price volatility in the copper market is forcing electrical and plumbing contractors to rethink their bidding procedures for construction projects. According to John Mothersole, senior economist for Global Insight, electrical and plumbing contractors are just feeling the pressure. Prices are at an all-time high. The U.S. Bureau of Labor Statistics producer price index for copper water tubing in January 2006 showed a 40% annual increase. According to Mark Shortino, vice president of Radec Corp., an industrial and commercial electrical contractor in Rochester, New York, the biggest impact on contractors is the volatility in the price of copper products.
ACCESSION #
20469382

 

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