Dear Honorable sir
Hope this finds you well,
In the light of the recent economic situation in the country we came under severe financial pressures as follows:
Devaluation/ currency floating;
The EGP has devalued from 8.88 CBE pegged rate to floating above 17 EGP/USD devaluing by nearly 50%. This has directly impacted the replacement cost of machines, the cost of spare parts and all chemicals/ tools with imported content.
Inflation;
Up till end September, the Central Bank of Egypt has reported record-high inflation figures of ca 15%. What we have seen after floating of the EGP is even much higher. This is directly impacting all cost elements. With workers under direct pressure for higher salaries.
Increase in Fuel prices by about 40%.
This has directly impacted all the transportation suppliers who are asking for significant increases to continue the service.
The above factors are FORCE MAJURE that are completely outside our control. As we strive to continue to deliver your esteemed company with high quality service at excellent value, we find ourselves in a position that we cannot continue to provide the service at the same cost. We are kindly asking for an immediate price relief of 30% on all our chemicals and tools for the cleaning service and the spare parts will be provided by its prices plus 7% Mark Up effective immediately.
In case this proposal is accepted by your side, we can maximum hold the current prices till December 31st 2016 to enable you of proper budgeting. In the unfortunate case where this is unacceptable please inform us at your soonest to discuss alternative plans.
Many thanks,,,