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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: excardog who wrote (30969)	3/20/2004 5:34:51 AM
From: DOUG H	Read Replies (2) of 206093

""Historically, we have had firm quotes or at least clear expectations of steel costs when we bid on individual projects. In the current environment, it is not always clear what the steel price will be several months after the bid when steel is actually delivered."" A builder I'm working with told me yesterday the cost of steel for my proposed building has gone up 500%. Previously, steel constituted approx 20% of total building costs. Now??? The project (14K tilt up) is off till sanity returns. He also told me steel quotes used to be good for 1 month or so. Prices now are quoted daily.

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