Price List Commentary & New Line Items – October 2018

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Price List Update Commentary

  • This was a slow month as it relates to the adoption of new mitigation or repair line items.
  • We are speculating here, but best we can tell when catastrophes hit the Pricing Department shifts focus to ensuring their existing Price List quickly responds to local market conditions e.g., surging materials and labor prices. Thus, it is reasonable to assume that Florence (Sep 5th landfall) had an impact on the October Price List, not only in terms of market conditions but also in terms of the line items that we were or were not yet adopted. We suspect that hurricane Michael (October 9th landfall) will have a similar impact on November’s release. Michael became the second major hurricane of the 2018 season, and it was the third-most intense hurricane to make landfall on the United States in terms of pressure, behind the 1935 Labor Day hurricane and Hurricane Camille of 1969.
  • If hurricanes were not enough, the Pricing Department has been hustling to keep up with the tax changes that seem to be sweeping the Midwest, these franchise tax boards are assessing tax on labor. Can you imagine what a nightmare it is for the Pricing Department to keep up with these nuanced tax changes?
  • The major tax changes this month applied to Texas. The Texas sales tax jurisdictions were updated to include a total tax on landscaping, tree removal, and yard maintenance items. These jurisdictions were updated:  Standard (e.g. “6.25%” etc.), Contents Only (e.g. “6.25% Contents” etc.), and Residential Mixed (e.g. “6.25% Res Mixed” etc.).

Price List Update Summary

October 2018 Price List Changes Summary

Personal property items added to the October 2018 price lists

1.    LINRUGK       Kitchen mat

2.    LINRUGK-      Kitchen mat – Standard grade

3.    LINRUGK+     Kitchen mat – High grade

4.    LINRUGS       Stair tread rug

5.    LINRUGS-      Stair tread rug – Standard grade

6.    LINRUGS+     Stair tread rug – High grade

7.    LINSHSCC     Bed sheet set – Cal King – Cotton

8.    LINSHSCC-    Bed sheet set – Cal King – Cotton – Standard grade

9.    LINSHSCC+   Bed sheet set – Cal King – Cotton – High grade

10.    LINSHSFC    Bed sheet set – Full – Cotton

11.    LINSHSFC-   Bed sheet set – Full – Cotton – Standard grade

12.    LINSHSFC+  Bed sheet set – Full – Cotton – High grade

13.    LINSHSKC    Bed sheet set – King – Cotton

14.    LINSHSKC-   Bed sheet set – King – Cotton – Standard grade

15.    LINSHSKC+  Bed sheet set – King – Cotton – High grade

16.    LINSHSQC   Bed sheet set – Queen – Cotton

17.    LINSHSQC-  Bed sheet set – Queen – Cotton – Standard grade

18.    LINSHSQC+ Bed sheet set – Queen – Cotton – High grade

19.    LINSHSTC    Bed sheet set – Twin – Cotton

20.    LINSHSTC-   Bed sheet set – Twin – Cotton – Standard grade

21.    LINSHSTC+  Bed sheet set – Twin – Cotton – High grade

Price list items modified for the October 2018 price lists

1.    CNCRAMP  Modified (+) assembly to include material components CNCRB3 and EXCGRAV.

2.    EQCMN     Removed text from Note field of (+) definition referencing non-existent item code.

Miscellaneous changes to the October 2018 price lists

⦁    All applicable Texas sales tax jurisdictions were updated to include a total tax on landscaping, tree removal, and yard maintenance items. The following types of jurisdictions were updated:  Standard (e.g. “6.25%” etc.), Contents Only (e.g. “6.25% Contents” etc.), and Residential Mixed (e.g. “6.25% Res Mixed” etc.).

Future changes and additions to look for in upcoming price list publications

1.    Item(s) for additional types of ornamental iron gates.

2.    Item(s) for temporary tarping with sandbags.

* Signifies changes to multiple items with similar selectors.

 

October 2018 Price List Changes Summary

Personal property items added to the October 2018 price lists

1.    LINRUGK       Kitchen mat

2.    LINRUGK-      Kitchen mat – Standard grade

3.    LINRUGK+     Kitchen mat – High grade

4.    LINRUGS       Stair tread rug

5.    LINRUGS-      Stair tread rug – Standard grade

6.    LINRUGS+     Stair tread rug – High grade

7.    LINSHSCC     Bed sheet set – Cal King – Cotton

8.    LINSHSCC-    Bed sheet set – Cal King – Cotton – Standard grade

9.    LINSHSCC+   Bed sheet set – Cal King – Cotton – High grade

10.    LINSHSFC    Bed sheet set – Full – Cotton

11.    LINSHSFC-   Bed sheet set – Full – Cotton – Standard grade

12.    LINSHSFC+  Bed sheet set – Full – Cotton – High grade

13.    LINSHSKC    Bed sheet set – King – Cotton

14.    LINSHSKC-   Bed sheet set – King – Cotton – Standard grade

15.    LINSHSKC+  Bed sheet set – King – Cotton – High grade

16.    LINSHSQC   Bed sheet set – Queen – Cotton

17.    LINSHSQC-  Bed sheet set – Queen – Cotton – Standard grade

18.    LINSHSQC+ Bed sheet set – Queen – Cotton – High grade

19.    LINSHSTC    Bed sheet set – Twin – Cotton

20.    LINSHSTC-   Bed sheet set – Twin – Cotton – Standard grade

21.    LINSHSTC+  Bed sheet set – Twin – Cotton – High grade

Price list items modified for the October 2018 price lists

1.    CNCRAMP  Modified (+) assembly to include material components CNCRB3 and EXCGRAV.

2.    EQCMN     Removed text from Note field of (+) definition referencing non-existent item code.

Miscellaneous changes to the October 2018 price lists

⦁    All applicable Texas sales tax jurisdictions were updated to include a total tax on landscaping, tree removal, and yard maintenance items. The following types of jurisdictions were updated:  Standard (e.g. “6.25%” etc.), Contents Only (e.g. “6.25% Contents” etc.), and Residential Mixed (e.g. “6.25% Res Mixed” etc.).

Future changes and additions to look for in upcoming price list publications

1.    Item(s) for additional types of ornamental iron gates.

2.    Item(s) for temporary tarping with sandbags.

* Signifies changes to multiple items with similar selectors.