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Q: What happens when suppliers want to increase prices during an agreed contract?

A: If the markets are increasing dramatically suppliers have it written into the contract that they can add on surcharges. These are supposed to then be removed when the market reverses. We are ideally placed with our market knowledge to see firstly if the increase is fully or partly justified, if it is the latter we can negotiate a reduction. We can also advise when things have readjusted so as to obtain the removal of the original surcharge.

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