Pro Installer May 2018 - Issue 62 | Page 6

News
6 | MAY 2018

News

Read online at www . proinstaller . co . uk

MATERIAL PRICES CONTINUE TO ROCKET

More than half of small building firms say that rising material prices are squeezing their margins and the same percentage have had to pass these price increases onto consumers , according to the latest research by the Federation of Master Builders ( FMB ).
Small and medium-sized ( SME ) building firms were asked which materials are in shortest supply and have the longest wait times . The average results were as follows ( in order of longest to shortest wait times ):
• Bricks were in shortest supply with the longest reported wait time being more than one year .
• Roof tiles were second with the longest reported wait time being up to six months .
• Insulation was third with the longest reported wait time being up to four months .
• Slate was fourth with the longest reported wait time being up to six months .
• Windows were fifth with the longest reported wait time being more than one year .
• Blocks were sixth with the longest reported wait time being up to four months .

High demand due to buoyant international markets could be contributing to price increases

• Porcelain products were seventh with the longest reported wait time being more than one year .
• Plasterboard was eighth with the longest reported wait time being up to two months .
• Timber was ninth with the longest reported wait time being up to two months .
• Boilers were tenth , with the longest reported wait time being more than one year .
SME building firms were also asked by what percentage different materials have increased over the past 12 months . On average , the following rises were reported :
• Insulation increased by 16 %
• Bricks increased by 9 %
• Timber increased by 8 %
• Roof tiles increased by 8 %
• Slate increased by 8 %
• Windows increased by 7 %
• Blocks increased by 7 %
• Plasterboard increased by 7 %
• Boilers increased by 7 %
• Porcelain products increased by 6 %
The impact of these material price increases includes :
• More than half of construction SMEs ( 56 %) have had their margins squeezed , this has gone up from one third ( 32 %) reporting this in July 2017 .
• Half of firms ( 49 %) have been forced to pass material price increases onto their clients , making building projects more expensive for consumers , this has gone up from less than one quarter ( 22 %) reporting this in July 2017 .
• A third of firms ( 30 %) have recommended that clients use alternative materials or products to those originally specified , this has gone up from one in ten reporting this in July 2017 .
www . fmb . org . uk
• Nearly one fifth ( 17 %) of builder ’ s report making losses on their building projects due to material price increases , this has gone up from one in ten reporting this in July 2017 .
Brian Berry , Chief Executive of the FMB , said : “ Material prices have rocketed over the past year . The reason for this could include the impact of the depreciation of sterling following the EU referendum still feeding through . High demand due to buoyant international markets could also be contributing to price increases . What ’ s particularly worrying is that when prices have increased mid-project , almost one fifth of builders have absorbed the increase and therefore made a loss .”

F . BAMFORD ENDORSES THE SECUREFAST MORTICE ELECTRO-MAGNETIC LOCK

One of the UK ’ s leading names in security doors and access controls , Stockport based Bamford Doors has announced their successful attainment of STS202 Burglary Resistance Level 2 with their latest Communal Aluminium Door and Frame , incorporating the all new Securefast AEM12000R standard grade 3 monitored mortice Electro-Magnetic Lock .
Addressing the demand for greater security resistance , particularly on entrance doors , F Bamford commissioned the Securefast Electro-Magnetic lock for their test door , based on the lock ’ s impressive minimum holding force of 4.2Kn and certified testing to TS010:2016 , which verifies the products grade 3 security standard and 200,000 cycle performance .
Carried out at leading test house Exova ( Wednesbury ), the STS202 testing allows for the use of common hand tools and levers , in addition to physical force in the attempt to open the door . The test is designed to emulate an attack by an opportunist criminal on the doors locking points using simple tools that could be concealed in a pocket or under a jacket .
www . securefast . co . uk