Which Index to Use in a Construction Escalation Clause
Which index to use in an escalation clause for construction: name the BLS series that matches your actual material exposure, not a broad construction average.
By Emily11 min read
Tag
benchmarking
9 articles tagged benchmarking from the CheckMySupply invoice audit desk.
How to Bid Using Historical Material Costs, Not Catalogs
Bid using historical material costs from your own invoices instead of catalog prices. Here is how to build the unit-cost table, escalate it, and check it.
By Emily10 min read
Live Material Pricing Estimating Software vs Your Invoices
Live material pricing estimating software prices your bid off a catalog feed your distributor runs. Your own invoices show what you actually pay. Use both.
By Emily10 min read
How Long Should a Construction Bid Be Valid?
How long should a construction bid be valid when copper is moving? No rule sets it, your bid letter does. How to pick the window and what each week costs.
By Emily10 min read
Estimating Material Costs Under Price Volatility
Estimating material costs during price volatility is a system, not a bigger contingency. Date-stamped quotes, your own purchase history, and a closed loop.
By Emily11 min read
Material Cost Increase Impact on Contractor Profit: The Math
The material cost increase impact on contractor profit, in dollars: what 6% annual price drift costs a shop buying $40K a month, and what you get back.
By Jordan9 min read
Why Did Material Prices Go Up? Supplier Creep or Market
Why did material prices go up at your supplier? Part of it is a real market move and part of it is drift. Four tests that tell you which one hit your invoice.
By Jordan10 min read
How to Track Material Price History From Your Invoices
The spreadsheet method to track material price history as a contractor: which columns to build from twelve months of supply-house invoices, and how to use it.
By Jordan13 min read
Material Price Creep: What It Is and How to Spot It
Same part, same supplier, higher price every month, and no phone call. What material price creep is, why nobody flags it, and how to find it on your invoices.
By Jordan12 min read