In March of 2018, the Trump administration placed a 25% tariff on steel imports. This has led to increased uncertainty in the construction sector and concern about how it will affect costs. One fact has become clear, however; it is more important than ever to achieve accurate estimates. It's a key to bidding and winning projects. To help you stay competitive, the information below explains how to estimate your construction project's structural steel expenses.

What to Consider when Estimating Structural Steel Costs

Delivery Amount

The cost per ton of structural steel varies depending on how much you order. For small orders, you'll likely pay warehouse prices; for larger orders, you can reduce unit costs enough that you're paying close to mill prices. Keep the quantity of the material in mind when writing a construction estimate.

Delivery Time

The price of structural steel may change between the time you write the estimate and the time the steel is delivered and the price is fixed. You should first examine industry inflation trends and consider how long it will be until delivery. If necessary, add an escalation clause to your construction contract to absorb some or all of an unexpected price increase.

Accurate Weight

The more accurately you estimate the sections you'll require, the more on-point your estimate will be. Make a list of individual sections, how many of each you'll need, and the length and weight of each. Structural steel is normally priced by the pound, so the final key to accurate estimates is an understanding of how much the material you need will weigh.

The information above should help you accurately estimate the structural steel costs required for your construction project. To discuss your needs with an experienced, dependable supplier, contact Caylor Industrial Sales in Dalton, GA. They are one of the largest full-service industrial supply warehouses serving Northeast Georgia, and they've been serving the region since 1980. They specialize in structural steel, pipe fittings, pipe hangers, and a wide variety of industrial hardware. Visit their website to submit an RFQ, or call (706) 226-­3198 to speak to a friendly, helpful representative.