How long will Portland Bolt hold pricing?
To answer simply, as long as we possibly can. At the time of quoting, our pricing reflects the current costs that we are faced with. Technically, quoted prices are “for immediate acceptance.” With increases in cost, such as steel, always being a possibility, we can only guarantee pricing at the time of quoting. This does not necessarily mean that prices will increase the day after quoting. We will hold our pricing as long as the costs that we incur stay the same. It is important to keep in mind that we work with outside vendors for items that we do not manufacture in house, so there is always a risk that they will pass along cost increases that we cannot control. This is also the case for raw material vendors who may increase their pricing for steel round or flat bar once it comes time to replenish our inventory.
With all of this in mind, we at Portland Bolt understand the importance of quoting an accurate number, which our customers can rely on. If we do not experience an increase, you will not experience an increase. If you know ahead of time that a project will not be up and running in the near future, it is a possibility to negotiate a price that we feel comfortable honoring for an extended period of time. However this will need to be discussed on a job to job basis. If there is ever a question in regards to potential cost increases, please feel free to contact any of our knowledgeable salespeople and they will be able to alleviate any concerns you may have.