Agenda Packet_2024-05-21 - Laserfiche WebLink

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TYLER UNION' Quality Waterworks Products May 3, 2021 To: Our Valued U.S. Customers RE: (REVISED) List Price & Multipliers for Import Fittings& Accessories Effective June 1, 2021 As seems to be happening during these unique times, there have been significant global changes since our pricing letter of April 20". With short notice, the Chinese Government rescinded their longstanding policy of refunding the 13%tax on most exported Iron &Steel Products effective May 111 With existing heavy demand on Indian Suppliers because of supply migration from China to India due to the Section 301 tariffs, the increased costs out of China have correspondingly increased the supply costs from India to about the same degree. Further compounding the global supply situation is the rapid increase in COVID cases within India. That situation has already disrupted the flow of raw materials and manufacturing output with further significant disruptions expected. Given these unique circumstances beyond our control, we are rescinding our LP2021-2 List Prices for all Import Fittings (including FBE, P401 and Zinc), Accessories and Fabricator Products and replacing them with revised List Pricing, LP2021-3. The LP2021-3 pricing will be an increase of 23%from our current LP2021 (Feb 1, 2021), whereas LP2021-2 was a 13% increase. The new List Prices (LP2021-3)for Import Fittings &Accessories will be posted to our website at www.TVIerUnion.com by tomorrow morning. Applicable Published Multipliers for each pricing region will be communicated before the end of this week. Due to the current inventory situation, acknowledgment of any orders received through May 31, 2021 will be restricted to those for prior committed jobs and up to 1-month worth of normal stocking orders. Back ordered items not received into our stock by May 31, 2021 against any open orders will be re-priced to the current LP2021-3 List Prices and applicable multipliers. Anyjob quotes given off LP2021-2 will be re-priced to the new List Prices LP2021-3 and applicable multipliers. Given the extraordinary increase in supply costs, we will no longer be able to honor Municipal or Annual bids that were priced off LP2019 or earlier List Pricing. Verified Municipal or Annual bid orders priced off LP2019 or earlier List Pricing will be repriced effective immediately off LP2021 (Feb 1, 2021) and the applicable published multipliers. Order dollar volumes at this discounted pricing will be limited to less than 7%of each branch's total import product order dollars for the balance of this year. We thank you for your continued support during these challenging times and we remain committed to earning your business. Sincerely, 7 1� Jerry Jansen National City Council 11 — 373 5/21/2024