Building Contracts; The Principles and Practice of Their Administration

Building Contracts; The Principles and Practice of Their Administration

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1922 edition. Excerpt: ...thereon and, if possible, kept fairly well up to date. CHAPTER XXX PURCHASING AND KEEPING STOCK The prices of materials are largely regulated by the law of supply and demand, yet notwithstanding this fact it requires constant devotion to the subject, both in regard to research, and the recording of previous transactions, to become a capable buyer, one who can discriminate between a rising and falling market and act accordingly. In the purchasing of materials there are many points to be considered. The lowest price is not necessarily the cheapest or most economical for the Contractor. One has to guard against inferior quality, irritating delays, inattention to instructions, carelessness in details, misfits, etc., and experience is, to a great extent, the only reliable guide in the matter. The price book suggested on page 125 and an efficient system of catalogueing useful literature will be found a great factor in keeping one up to date. The various trade papers, directories, and compendiums should also have careful consideration. In view of the ever fluctuating nature of market prices it is a mistake to order goods of any quantity without first obtaining quotations. A well-considered list of makers and merchants of not too "local " a character should be made before sending enquiries for prices. A haphazard list often gives unsatisfactory results. Fresh names should from time to time be included in the enquiry list. It is only by constantly trying new as well as old ground that the best results can be obtained. Avoid as much as possible buying or stocking goods that are not in general demand. For general stock purposes the abridged list on page 129 will give an idea of the stock a Contractor will be justified in holding, though more

Product details

  • Paperback | 82 pages
  • 189 x 246 x 4mm | 163g
  • United States
  • English
  • Abridged
  • abridged edition
  • black & white illustrations
  • 1236812050
  • 9781236812056