When you are carrying out a project that will require the use of fasteners, it’s usually a good idea to find out how much you will spend on them in advance. This is important since it will help you in the financial planning for the project. There are many instances in which an individual simply […]

When you are carrying out a project that will require the use of fasteners, it’s usually a good idea to find out how much you will spend on them in advance. This is important since it will help you in the financial planning for the project. There are many instances in which an individual simply starts a project without considering the financial implications of buying the fasteners. Some of the things that could go wrong if you do this include finding that the cost is far too high, which means that you may need to abandon the project before completing it.
When assessing how much the fasteners will cost, you should not only focus on the cost of fasteners such as aluminum hex head cap screws and then multiply them with the number of fasteners you need. This might result in you getting the wrong information regarding price. Instead, you should also consider the following:

Fastener discounts that the vendor will give you

true cost of fastener

Most vendors will give you discounts depending on the number of products you buy. This means that if you are interested in buying fasteners from them in large quantities, it would be wise to find out how much of a discount you can get from them. This will help you get a more realistic figure of how much you can expect to spend on them. If you are buying the fasteners in huge numbers, you can also consider negotiating for such discounts as well. Most vendors will be more willing to give you such discounts if you buy in bulk.

The number of fasteners you will need

In addition to that, you will also need to figure out how many fasteners you will need for the project. How accurately you can figure this out will depend on a host of factors including the type of project you are thinking of starting. In addition to that, you may also need to get professional help in assessing this need. For instance, if you want to build a large building complex, working with a quantity surveyor will give you a more accurate idea of how many stainless steel hex head cap screws and other similar fasteners you will need to complete it. This will be much more accurate than simply using your instincts.

 

The rate of damage

When you use fasteners, some of them will end up getting damaged. Some of the factors that increase this risk include the use of low quality fasteners, using the wrong tools for the job and using unskilled individuals to put them in place. Remember that the higher the rate of damage, the larger the number of fasteners you will need and the more the project will cost you. Making sure that all these variables are optimized will help you reduce this risk.
In summary, there are many things that will affect the cost of using fasteners for any project. To make it much easier for you to determine how much you will spend on them, you should consider all the above.

About the Author

Larry Melone
By Larry Melone
President

Started my career in the fastener world in 1969 at, Parker Kalon Corp. a NJ based screw manufacturer located in Clifton, NJ working in inventory control, scheduling secondary production and concluding there in purchasing. In 1971 I accepted a sales position at Star Stainless Screw Co., Totowa, NJ working in inside sales and later as an outside salesman, having a successful career at Star I had the desire with a friend to start our own fastener distribution company in 1980 named: Divspec, Kenilworth, NJ. This was a successful adventure but ended in 1985 with me starting Melfast in August 1985 and have stayed competitive and successful to date. Melfast serves the OEM market with approximately 400 accounts nationally.

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