Our suppliers are usually keen to say there's an earthquake in Chile and use it as an excuse to raise materials. They come up with the most random things to raise materials.
What they don't do well right now is forecast long term. In terms of this recent deal, we won't know because most of our suppliers carry a safety stock of so much material. Basically it's set at that price for so long, and then once it's gone, it's gone. Then you're into a new price rate. They won't even forecast so that we can see whether we're expecting 15%, 20%, or 25% increases in the next two months. They say that the increases are tomorrow. They're going up 20%. That's what we're seeing across everything.
We just got a notice the other day from one of our big chemical suppliers that there's a 25% increase on all chemicals as of now, not in three months, six months, or eight months from now. As I said before, we can't recuperate that. We have jobs that are in the spring and summer next year. They're bid. They're priced, so we're stuck eating that off the bottom line.