Date:
1 2
3 4
5 6
7 $0.00
San Clemente, City of 07072022
Extended
0 0
1" Neptune T-10 D/R, BRZ BTM, PLS TOP, CF (ED2F22R8F1SA51) $191.00 $82.00
$0.00
$0.00
Quotation #
Project:
AMI Specialists: Adam Milauskas
7/7/2022
Ship to:
Julie Schmidt Annual Direct Read Meter Quote
Reclaim 2" Neptune T-10 D/R, CF (ED2J11RCF3SA51)
$0.00
Estimated Sales Tax 7.75%
$0.00
Sub Total
0 0
Total Investment
$0.00
$546.00
Ship Date
12 Months
Taxable Freight
Freight
2" Neptune T-10 D/R, CF (ED2J11R8F2SA51)
7/1/22-6/30/23
San Clemente, City of
380 Avenida Pico Valid Until:
San Clemente, CA 92672
$657.00
0 $657.00
Net Thirty Days
5/8"x3/4" Neptune T-10 D/R, BRZ BTM, PLS TOP, CF
(ED2B22R8F1SA51)
Product or Service Description
$0.00
Terms:
Item Quantity Per Item
1.5" Neptune T-10 D/R, CF (ED2H11R8F2SA51)
$0.00
11909 Tech Center Ct.
Poway, CA 92064
Phone: 949.467.4758
Fax: 858.391.5958
Attachment 1
Date:
Quotation # San Clemente, City of 07072022
7/7/2022
11909 Tech Center Ct.
Poway, CA 92064
Phone: 949.467.4758
Fax: 858.391.5958
Prices quoted are for this project only and do not include sales or use taxes, if any. Quoted prices are based upon receipt of the total quantity for immediate shipment or shipments within thirty (30) days of a bid opening only, and are offered contingent upon the Buyer's acceptance of Seller's terms and conditions. Seller objects to all terms and conditions. Future shipments subject to price changes. Seller not responsible for delays caused beyond our control. Purchaser's sole warranties, if any, are those provided by the manufacturer. SELLER DISCLAIMS ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING ALL IMPLIED WARRANTIES OF MERCHANT ABILITY OR FITNESS OR FITNESS FOR A PARTICULAR PURPOSE. IN NO EVENT WILL
SELLER BE LIABLE FOR ANY INCIDENTAL, PUNITIVE, SPECIAL OR CONSEQUENTIAL DAMAGES ARISING DIRECTLY OR INDIRECTLY FROM THE OPERATION OR USE OF THE PRODUCT. SELLER'S LIABILITY, IF ANY, SHALL BE LIMITED TO THE NET SALES PRICE RECEIVED BY SELLER. All returns are subject to Ferguson and/or Manufacutures return policy and maybe subject to a restocking fee. Complete terms and conditions are available upon request or can be view at www.ferguson.com/sales-terms.html
Dear Valued Neptune Customer:
After much consideration, we at Neptune Technology Group have judged it necessary to increase our prices to keep pace with our rising costs in raw materials, shipping, and operating costs. Our price increase will be effective on July 1, 2022. Any orders submitted before July 1 will be subject to current pricing and terms.
Included with this letter is a Frequently Asked Questions (FAQs) document that will explain how our business has been affected, just as all others in our industry, with inflationary pressures. If you have any questions not addressed in the FAQs, please feel free to contact your Neptune sales representative.
This was a difficult, but necessary decision to make; and we understand how it impacts our customers. Therefore, we would like to express our appreciation for your ongoing support, and we are confident these changes will help us to continue providing you with the quality products and services that help you, our valued customers, #WinYourDay.
Regards,
Andy Bohn
District Manager CA/NV
Cell: 415-710-2046
[email protected]
Neptune Price Increase Frequently Asked Questions (FAQs) Your price increase letter references “rising costs in raw materials, shipping, and operating costs” can you explain to what extent you are affected? As reported by the Bureau of Labor Statistics, the average annual inflation rate for the United States has risen to 5.4%. This number is an aggregate of all economic activity in the United States. In Neptune’s sector, we are primarily driven by the following economic areas: raw materials (copper), wages, and freight. Let’s drill down into each of these areas (as found at US Bureau of Labor Statistics and Cass Information Systems):
• Raw materials – PPI Index for Metal Products Copper Base Castings - USBLS o Inflation September 2021 versus September 2020 was 29.9% o Pre-Covid Inflation (March 2020 versus March 2019) was -1.62% • Wages – Employment Cost Index - Wages and salaries for private industry workers in all industries and occupations - USBLS
o Inflation August 2021 versus August 2020 was 9.49%
o Pre-Covid Inflation (March 2020 versus March 2019) was 2.8% • Freight – Cass Freight Index - Cass Information Systems o Inflation September 2021 versus September 2020 was 31.4% o Pre-Covid Inflation (March 2020 versus March 2019) was 1% As you can see, our business environment has been significantly affected by inflationary pressure.
This pressure is much higher than the 5.4% reported as the aggregate inflation rate.
Why is this price increase happening now?
In the time since our last price increase Neptune has absorbed the pricing pressure that we documented above. We absorbed that pricing pressure so we would not impact your vital business. However, we have reached a point where we are required to raise pricing so that we can maintain the same levels of quality and service that you, as our valued partner, appreciate.
Should I expect further price increases from Neptune?
Economists generally agree that we will continue to see higher than average inflationary pressure throughout 2022 and into 2023. Our current price increase anticipates short-term inflationary pressure, and we will re-evaluate pricing levels as it becomes necessary.