New South Construction Supply eNews - April 2011

 

Dear Friends,

For the third month in a row I’m happy to report that we continue to see business improving. It’s looking more and more like we found the bottom and are on our way back up. Of course, this varies depending on where you are located and what kind of construction you do, but overall, things are looking up.

Speaking of “up”, the prices of many products are still going up, especially those made with petroleum byproducts. See below for more details.

Raw material costs for manufacturers of many construction products continued to increase in March and April, due primarily to the escalating price of crude oil and natural gas. As a result of their increased costs for resins and polymers, several manufacturers of construction products made from oil and natural gas derivatives, either increased prices in April, or have announced they will increase prices in May or June. The price for scrap steel was flat in early April and as a result prices for construction products made from steel will hold at April levels in May.

As reported in our March newsletter, polyethylene sheeting manufacturers increased prices by 5% in early April, as resin prices continued to rise. Many manufacturers have already indicated they will increase prices again in mid-to late April by another 6%, as resin manufacturers pushed through another price increase in early April. Resin manufacturers have already announced another price increase of $.04 to $.05/lb for May, so expect polyethylene sheeting prices to increase again by the first of June. If you have any projects which require polyethylene sheeting, we advise you to buy out these projects ASAP to avoid future price increases.

BASF Construction Products announced on April 1st, that they will increase prices on most of their products by 5% on May 1st, due to increased costs for raw materials and transportation. Several other manufacturers of construction chemicals have indicated that they will follow BASF’s lead and increase prices in May or June. Be sure that you get a current quote for all construction chemicals when you are preparing your bids.

Some plastic under slab vapor barrier manufacturers, most notably, Fortifiber Building Systems, have already announced another price increase for May. This increase is in addition to the industry wide price increase that went into effect in late March. Most manufacturers have indicated they will increase prices from 5 to 7%. As with polyethylene sheeting, we advise you to buy out any upcoming projects you have as soon as possible to avoid the pending price increase.

Resin prices for geo-textile erosion fabrics continued to climb in April and as a result, most manufacturers will increase prices again in May. The May price increase will be in the 15% range. This will be the third month out of the past four that geo-textile fabric prices will have increased by double digits and as resin prices are expected to increase even more in the coming weeks, due to the high price of crude oil, expect another price increase for these items in June.

Nucor announced in mid-April that prices for their May rebar rollings will remain unchanged. Other domestic rebar mills followed Nucor’s lead. This is the second consecutive month that rebar prices were unchanged, which reflects the overall weak demand in most of the US.

Concrete reinforcing wire mesh manufacturers did increase prices in April by approximately 5% and several analysts expected another increase for May, as wire rod manufacturers had indicated in April that they would increase prices for May shipments. As April demand was not as strong as expected, wire rod manufacturers rescinded the May price increase, so concrete reinforcing wire mesh manufacturers will hold prices at current levels in May.

Advanced Drainage Systems and other manufacturers of polyethylene drainage pipe increased prices by approximately 7% in late March and have indicated that they will increase prices again in May, as their cost for HDPE resins continues to increase.

Masonry reinforcing and tie prices held steady in April and manufacturers have indicated that prices will remain unchanged for May. Some wire rod manufacturers have announced they will try to increase prices in May. If wire rod manufacturers are able to push a May price increase through, expect masonry reinforcing prices to increase in June or July.

Raw copper prices fell slightly again in early April but rebounded in the past couple of weeks. This was the same scenario as in March. Because the price of copper has remained virtually unchanged for the past two months, prices for copper thru wall flashings should remain at current levels in May.

The March PPI tables are now out. Click here to view March PPI tables.

This month we are featuring the following suppliers:

  • BoMetals is one of the top suppliers of metal keyway, PVC waterstops, masonry control joints, and other concrete and masonry accessories in the industry. They have a wide range of products available, and all of them are available at your nearest New South branch.
  • ABT PolyDrain is one of the most recognized names in trench drains, and ABT®, Inc., is a world leader in surface drainage solutions. ABT products are all available at your nearest New South branch. Let us quote you on your next job calling for trench or surface drains.
  • BASF is the world’s largest chemical company, and has one of the widest ranges of products for all types of construction. They also have the ability to bundle their products together into “systems” so you can meet more of your project needs with fewer suppliers, resulting in fewer fingers being pointed in the event of a problem. All BASF products are available at each of our branches.

 This month’s management article is entitled, “Delegation: From D’oh! To OOOH!”. Many managers fail to delegate properly. This article has some great ideas on proper delegation.

In closing, I hope business keeps improving for all of us. As always, thanks for your business and support.

Best regards,

Jim

Jim Sobeck President 803-451-7035 jim.sobeck@newsouthsupply.com Connect with us: Twitter | Biz 101 Blog | Facebook | LinkedIn

This month we are featuring the following suppliers:

BASF Building Systems is an industry leader in the manufacture of construction chemicals and building products for the construction industry. Its widely recognized brands – Sonneborn®, Thoro®, MBT Protection and Repair, and Hydrozo®, provide an expansive product offering that includes joint sealants, grouts, waterproofing membranes, concrete repair products, clear sealers, and wall coatings. Building Systems has a truly unique ability to bundle its products into comprehensive "building systems" that offer designers and contractors effective single-source solutions to their building and construction problems. Our sales force, technical services, and research & development groups, work together to ensure we meet your project needs. For every building challenge there's a Building Systems solution... everything you need to build, repair and protect.



Surface Drainage, Containment, and Utility Ducts

PolyDrain®, the most recognized name in trench drains, and ABT®, Inc., the world leader in surface drainage solutions, provides engineered products to meet the complex requirements for wet processing, automotive facilities, industrial sites and storm water collection and filtration. PolyDrain® is manufactured with slopes ranging from .0% up to 40% sloped channels in 4 inch through 24 inch internal widths with a wide range of grates and frames to meet applications from Pedestrian to heavy Port and Airport applications. PolyDrain® is UL listed to meet NFPA codes. Located in Troutman, NC, ABT, Inc. products meet LEED credits as a local supplier along with many other LEED credit requirements.

ABT® also offers the Trench Former® system. Trench Former is a pre-engineered cast in place forming system available in 8 inch through 24 inch trench widths standard and as wide 36 inch custom. Frames and grates are available for everything f rom Pedestrian to Airport ratings along with solid covers for utility applications. Forms are available in radius or square bottoms and can be ordered in any slope needed to meet hydraulic requirements.

Visit ABT, Inc. at www.abtdrains.com
April's Management Article

Delegation: from D'oh! To OOHH!

By Marty Stanley

"D'oh!" It's what Homer Simpson says when something goes wrong.

Why is delegation one big "D'oh!" for a lot of people?

There can be some fear about delegating tasks or projects because without proper planning, a lot of things can go wrong. How often have you said something like this:

"I can do it faster."

"I can do it better"

"It will take too long to tell someone how to do it."

But what often happens is you feel swamped or overwhelmed with too much to do, and at the last minute, you might delegate a task to someone just so you can meet a deadline. If things go wrong you think, "I'll never do that again!" But remember, a key to a person's success is the ability to develop other people and delegation is one way to do it.

Here are 4 tips on how to turn "D'oh! I'll never do that again!" to "OOHH! – That's how to do it!"

Failing to Plan is Planning to Fail

Plan the delegation process well in advance of the due date. Unless you're very skilled at delegation, it's not a good idea to shoot from the hip. Some questions to guide you in this process can be:

What are the outcomes you want to achieve? What potential problems can arise? What skills does the person who will do the project need? What are appropriate checkpoints to see how things are going?

Looking for Mr. or Ms. Right
Pick a person who has the essential skills to do the task. For example, if the project or task is detailed and requires accuracy, choose a person who excels at attention to detail. Or if a project needs creative thinking, match the project to the person who shows the ability to think outside-of-the-box or has creative problem solving skills.

Delegating projects or tasks can be a good way to develop people in their careers. A lot depends on the experience of the person and the level of trust and communication that you've established, as well. One way to look at delegation in terms of development is to think about delegating for skill development or for professional development. Generally speaking, a person who has just started their career will benefit from delegated tasks related to their immediate work performed. People who are looking to climb the corporate ladder will benefit from tasks or projects that are outside of their immediate scope of responsibility and will help them go to the next level.

If you have confidence in the person, and they have an established track record of successful performance, it may be easier to delegate more complex projects that are outside of a person's skill set. These types of situations are good for delegating projects to expand a person's depth or range of skills. However, if the other person is relatively new to the job, avoid making assumptions that they're able to take on a complex project or task. Closer supervision may be required.

Communication is Key
After selecting the right person to do the work, set expectations. For example, what's the expected level of quality or quantity? What is expected regarding the completion times that are needed to be successful? Discuss how you will monitor the new process or task. It's important to be available for questions and guidance.

Another way to assure success is to make sure the person has the appropriate tools, information and /or resources. Are they available or how do they find them? When possible, walk through a few examples. For example, if you have asked someone to do an important presentation, do a thorough walk-through with him or her a couple days in advance. Make sure the room set up is correctly, audio visual aids and handouts are ready, and practice the content and flow of the material to be presented. Having a dry run of the presentation can prevent a lot of problems and provides a great coaching opportunity.

Keep the lines of communication open, so any glitches can be detected early.

Debrief
Depending on the scope of the project or task being delegated, it can be a good idea to do a post-task debriefing with the person to whom you delegated the task. Good questions to ask are:

What went well in the process? What could have been done differently? What can we do in the future to improve the process?

It's important to start with the things that went well. Ask the person to describe all the things that went well first. Most people have a tendency to gloss over this and start on what didn't work, so take the time to acknowledge and give praise for work well done. Even in the most disappointing of circumstances, finding the good points and discussing them first will help the person's morale.

When discussing things that could have been done differently, again, ask the person for their input before providing your own. This will provide additional coaching opportunities, particularly if the person is overly self-critical or if they tend to blame others for their mistakes.

Finally, if the person will be doing similar tasks or projects in the future, make a list of ways to improve the process. Are there additional resources needed? Are all the materials or information available to make it smoother next time? Is more advance time needed? The debriefing process will help build skills for everyone involved as well as build relationships if done well.

Empowerment, not Abdication
Effective delegation empowers people. It empowers the person to take on more responsibility and it empowers the manager to a higher level of management finesse. Unfortunately, some managers walk away after delegating and for the other person, it's sink or swim. Abdication of responsibility is a quick ticket to failure: D'Oh! The more you coach and train others, the easier it is to delegate and it will lead to everyone's success.

 

 

New South Construction Supply Locations

Main Office Shipping: 951 Harbor Drive West Columbia, SC 29169

Mail: PO Box 512 Columbia, SC 29202

Sales Manager - Jon Black Operations Manager - Rodny Dahlgren 803.451.7027 Product Sales: 803.791.8700 Accounting: 803.451.7045 Toll-Free: 800.849.6768 Fax: 803.791.8191 President - Jim Sobeck 864.325.6518 CFO - Kurt Herwald 864.915.5813 VP Purchasing - David Hodgin 704.358.9797 Controller & IT Manager - Jimmy Sobeck 803.451.7040

Other Locations

9 N. Kings Rd Greenville, SC 29605 Phone: 864.269.7007 Toll-Free: 800.849.4454 Fax: 864.269.6004 Operations Manager- Rob Hovanec Sales Manager - Russ Lott

1427 Mechanical Blvd Garner, NC (Raleigh) 27529 Phone: 919.662.9012 Toll-Free: 800.849.4677 Fax: 919.662.9412 Operations Manager- Vic Murray Sales Manager - Brian McCormick

1065 Bankhead Highway Winder, GA (Atlanta Market) 30680 Phone: 770.656.2772 Sales Manager - Julie Ham

Other Locations

4987 Banco Road N. Charleston SC 29418 Phone: 843.760.0780 Toll-Free: 888.224.3140 Fax: 843.760.6127 Operations Manager- Andrew Myers Sales Manager - Bailey Williams

9050 D W. Market St. Colfax (Greensboro) NC 27235 Phone: 336.992.0237 Toll-Free: 800.609.0889 Fax: 336.992.0839 Operations Manager - David Perkins Sales Managers - Kearns Cheek, Angie Puckett

180 Rodeo Drive Myrtle Beach SC 29579 Phone: 843.236.6447 Toll-Free: 800.821.2676 Fax: 843.236.6521 Operations Manager - Frank Crouse Sales Managers - Clint Paul, Russell Davis

140 Dorton St Charlotte NC 28213 Phone: 704.358.9797 Toll-Free: 866.375.9660 Fax: 704.358.9646 Operations Manager - Adam Kent Sales Managers - Chris Daleus, Rick Bunch

358 Industrial Park Rd Hardeeville (Hilton Head) SC 29927 Phone: 843.784.1580 Toll-Free: 866.326.8802 Fax: 843.784.1581 Operations Manager - Artie Helmey Sales Manager - Steve Melton