Garage Door Corporation has received price increase notices from several of its suppliers. CHI Overhead Doors has announced a significant price increase effective 05/01/2018. CHI's price Increase is 6.6% on all residential and commercial sectional garage doors and parts.This means any special order placed after the second week of April 2018 or stock garage door order not picked up by 04/30/2018 will be subject to the higher pricing.
Per their dealer memo:
This strong economy that we are all enjoying continues to bring with it market volatility and double-digit inflationary pressure across all materials. These trends have strengthened throughout the weeks since our last communication. While ongoing C.H.I. negotiations have helped to offset these increases, the net impact of market trends has made it necessary to implement a price increase.
All orders for sectional doors, rolling steel doors, and parts placed after 5:00 p.m. central time on May 1, 2018, will reflect a 6.6% increase. Sectional and rolling steel door pricing will be reflected in a multiplier adjustment, while C.H.I. Parts will show a list price increase. Updated price book pages for the C.H.I. Parts program will be distributed electronically in the coming days. There will be no increase to freight rates, and C.H.I. is watching market conditions closely to determine if an increase will also be required on openers at a future date.
Source is the Dealer Memo dated 04/10/2018 by Lincoln Howell who is VP of Marketing and Rick Laporte who is VP of Sales, CHI Overhead Doors
We will honor proposals written prior to the manufacturers price increase for the time indicated at the bottom of the proposal (usually 45 days). Please contact us with any questions about how this may effect a proposal we have provided for your project.
Garage Door Corporation is still making pricing adjustments but expects to pass along most of this price increase. This will affect garage doors & parts sold in the Chicago, IL area as well as out of area requests. Please check our website at www.gdcorp.com
for further details.