Your contractor has asked us to inform you that as much as he likes you, the 7 – 12 percent price increase on cement by Trinidad Cement Limited (TCL) means he has to charge you more.
Overall construction costs will increase by approximately 0.3 percent, if what TCL told Trinidad and Tobago Contractors Association (TTCA) president Mervyn Chin is correct.
That means, for a house costing $400,000, contractors will spend about $1,300 more on cement. For the average person, the retail price increased from approximately $44 to $52 per bag. The only difference between prices for the public and contractors comes from the fact that contractors may buy bulk directly from the factory at about $45 per bag.
What does TCL have to say for themselves?
TCL noted its last increase was 6.5 percent in September 2008. However, this was soon followed by a five percent price reduction at the introduction of Premium Plus in May 2009.