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INFLATION & AVAILABILITY FEATURES


Managing the materials risk


Our in-house specialist responds to an issue currently impacting the industry and offers some timely advice for Members facing ongoing uncertainty over supplies and cost


By Professor Rudi Klein Barrister and SELECT Consultant


A


while ago, I happened to be talking to a mechanical services contractor who had bid for some work back in November 2020. At the time, the


BIDDING STRATEGIES


In his first new film, Rudi offers exclusive guidance on bidding strategies, including the risk of lump sum bidding, getting suppliers on side, creating separate contracts for installation and materials, pricing and stockpiling of materials, and what to do when quoting for domestic jobs.


price of copper was £4,500 per tonne, yet when he was awarded the contract and started work six months later, the cost had doubled. Since he’d bid on a lump sum price as usual, he was forced to take the hit. From recent feedback,


I know that SELECT Members are facing concerns over the same issues, so I thought it might help to set out some advice in this easy-to-follow table. Feel free to cut it out and stick it on your office wall so your options are always in plain sight! I’ve also prepared further Member- only guidance about materials in two


videos which you can access via the excellent SELECT TV resource. Details are below. And don’t forget – forecasters are saying that material price hikes and shortages are likely to last well into 2022. So if you’re having problems, let SELECT


know. We’re always here to help.


GOT A QUESTION FOR RUDI? If you have a query you would like Rudi to help with, please email iain.mason@select.org.uk


CONTRACTUAL STRATEGIES


In his second film about material price increases, our in-house expert gives an overview of the risks associated with existing contracts, addressing potential issues in future contracts, fluctuations clauses and identifying problem clauses in your SBCC and NEC contracts.


WATCH ALL OUR EXCLUSIVE MEMBER VIDEOS ATBIT.LY/SELECT-TV 24 CABLEtalk AUGUST/SEPTEMBER 2021


Watch now at bit.ly/ STV- matcon


Watch now at bit.ly/STV- matbid


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