| MARKET UPDATE Rich Mouradian VP of Business Development t. 781.953.0318 e. rmouradian@coxeng.com Stephanie Wickman Estimating Coordinator t. 781.807.0427 e. swickman@coxeng.com WHERE THE BEST ARE BUILT
| LEAD TIMES
Statement Summary
• Recent months have given us some long awaited good news. Raw materials have come down substantially in the past few months. There are signs of them rising but for the most part, materials has stabilized. Equipment however seems to defy the materials market as equipment continues to escalate.
• The micro-chip shortage is still playing a big part in the lead time. Equipment with ECM motors and VFDs tend to have the longest lead times.
• Major equipment manufacturers are requiring an approved submittal to secure pricing, not just a purchase order. All lead times are from an approved submittal.
• Some major equipment players are requiring up-front payment and/or interval payments.
LEAD TIME TRENDS AHU’s Custom AHUs 15-55 wks Packaged AHUs 23-40 wks Modular Catalogue AHU 20-50 wks Make-Up Air Units 4-30 wks ERUs 4-50 wks Fans General Fans 5-25 wks Lab Fans 16-45 wks Terminal Units VAV Boxes 3-20 wks Fan Powered Boxes 3-20 wks Heat Pumps 8-20 wks Fan Coil Units 3-14 wks Computer Room A/C Units (CRAC) 18-80+ wks Unit & Cabinet Heaters 14 wks Hydronic Equipment Air Cooled Chillers 20-50 wks Water Cooled Chillers 20-53 wks Modular Chillers 18-60 wks Cooling Towers 20-30 wks Stainless Steel Cooling Towers 20-25 wks Pumps 10-28 wks Large Split Case Pumps 26-31 wks Pump Specialties 10-24 wks Heat Exchangers 8-32 wks Boilers 4-16 wks Baseboard Fin Tube 10 wks
INCREASING DECREASING NO CHANGE WWW.COXENGINEERING.COM 1
| LEAD TIMES
TRENDS Refrigerant Equipment Split A/C Systems 3-44 wks VRF Equipment 4-24 wks Fuel Oil Fuel Oil Tank 8-12 wks Fuel Oil Pumps 10-12 wks Registers, Grilles, Diffusers RGDs 3-7 wks HEPA Type RGDs 3 wks Additional Equipment Fire/Smoke Dampers 4-22 wks Control Dampers 4-22 wks RGDs 3-7 wks HEPA Type RGDs 3 wks Sound Traps 3-16 wks Supply / Exhaust Lab Valves 6-12 wks VFDs 10-60 wks Chilled Beams 4-20 wks Materials Galvanized Sheet Metal 4-6 wks 304 Stainless Steel Sheet Metal 4-6 wks 316 Stainless Steel Sheet Metal 4-6 wks Aluminum Sheet Metal 1-3 wks INCREASING DECREASING NO CHANGE WWW.COXENGINEERING.COM 2
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COMMODITY PRICING
SHEET METAL
Galvanized Coil stock has dropped below $0.80/lb. Stainless and aluminum dropped a bit over the past month to below $3.00/lb. However it is now trending up. We will be watching this carefully.
SUPPLEMENTAL UNION LABOR FORCE / TRAVELERS
Pipe Labor (Local 537) 152+
ABOUT COX ENGINEERING
Sheet Metal Labor (Local 17) 0
For more than 100 years, Cox Engineering has provided sheet metal and mechanical services including custom air-handling manufacturing (Cambridgeport Custom) and sheetmetal accessory manufacturing (Cambridgeport Air Systems). At Cox Engineering, we do what we say; we’re on your side; we’re always getting even better. It’s why we are where the best are built.
$5.80 $3.15 $2.60 $$1.00 $2.00 $3.00 $4.00 $5.00 $6.00 $7.00 1 year ago 6 months ago Now 304 Stainless Steel Sheet Metal $5.95 $3.50 $3.00 $$1.00 $2.00 $3.00 $4.00 $5.00 $6.00 $7.00 1 year ago 6 months ago Now 316 Stainless Steel Sheet Metal $4.00 $2.95 $2.85 $$0.50 $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 1 year ago 6 months ago Now Aluminum $0.75 $0.90 $$0.10 $0.20 $0.30 $0.40 $0.50 $0.60 $0.70 $0.80 $0.90 $1.00 6 months ago Now 1” Internal Acoustical Lining $1.30 $0.96 $0.80 $$0.20 $0.40 $0.60 $0.80 $1.00 $1.20 $1.40 1 year ago 6 months ago Now Galvanized Sheet Metal $26.26 $22.01 $19.00 $20.00 $21.00 $22.00 $23.00 $24.00 $25.00 $26.00 $27.00 6 months ago Now 6" Black Steel $2.74 $4.01 $$0.50 $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 6 months ago Now 1/2" Copper Tube WWW.COXENGINEERING.COM 3
