Wally Reiman

Though prices have risen and fallen throughout the years, with oil high or steel increases, now the industry is being hit with swollen prices in almost every type of building material, said Wally Reiman, a principal owner of Reiman Corp. in Cheyenne.

,,"It used to be that oil went up or steel would fluctuate, but they were never going on at the same time," he said.
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,,"After we bid a job, we place all the orders so it locks us in on those prices," Reiman said.
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,,"It's tough on some of these guys that are having to buy storage units because that in itself is an additional cost," Reiman said.

,,While some of the rising costs of construction can be passed on to a customer, some are also absorbed by the contractor.
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,,Those building new roads, commercial buildings or homes usually realize there could be price increases in just a matter of weeks, and Reiman said many will sign an acceleration agreement to deal with fluctuating prices.

,,"We're getting owners to at least recognize there could be a price increase," he said.
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,,While the construction season continues across the state, Reiman said contractors have "to look into their crystal balls" to project their bids.It's not an easy feat.And while they improve roads and build new businesses and homes, Reiman said they are increasingly aware of the market's ups and downs.

,,"The world economy is really affecting us all the way here in Wyoming," Reiman said.

Wally Reiman, Past President John Stearns, Director

Wally Reiman is president of the Wyoming Contractors Association.He says the trend is hitting home here.Reiman said the cost of raw materials such as cement and steel has increased sharply over the past five years.He said the cost of copper has jumped 40%, raising the cost of electrical and plumbing work.International demand for building materials is also raising costs.The United States is shipping materials to countries such as China, India and Canada.And many Wyoming workers have left construction for higher pay in the oil and gas fields.But higher construction costs haven't slowed the pace of building in Cheyenne.Reiman says local contractors are building new restaurants, schools and shops.

... Vice President, Wally Reiman, Reiman Corp.; and.

Wally Reiman ph:307/632-8971fax:307/632-8972

Wally Reiman President

Reiman Corp P.O. Box 1007 2400 W. College Drive Cheyenne, WY 82003

Phone: (307) 632-8971Fax: (307) 632-8972

Wally Reiman Vice President

Reiman Corp P.O. Box 1007 2400 W. College Drive Cheyenne, WY 82003

Phone: (307) 632-8971Fax: (307) 632-8972