[Source: www.homechannelnews.com, June 20, 2006]
Ferguson and Stock Building Supply have partnered with the National Association of Minority Contractors (NAMC) to offer the “Whole House Solution,” a first of its kind co-op buying program, the companies said. The program provides NAMC members competitive pricing and access to a broad range of industry products, services and an incentive package.
Under the terms of the partnership, Ferguson and Stock will offer NAMC members "one-stop shopping," providing a bundle of services, including logistics, prefab, installation services, construction loans, private label and branded products, framing, HVAC, plumbing, lighting, appliances and market research.
"The competitive pricing offered through Whole House Solution will allow NAMC members to be more competitive when bidding on various construction projects," said Owen Tonkins, executive director of the NAMC.
Ferguson and Stock will also reinvest back into national and local NAMC chapters through a quarterly rebate program. "The program will allow NAMC national office and its chapters to develop an income stream to support our various program initiatives," Tonkins said.
According to NAMC, it plans to invest the funds in continued business development and training, education for members and scholarships to encourage gender and ethnic diversity in the market place.
"We recognize the construction industry is on the verge of a shift in regards to workforce and customer diversity," said Cathy Williams, manager of business diversity for Ferguson. "Partnering with NAMC allows us to be at the forefront of serving customers and creating lasting business relationships in this very important emerging market."
Ferguson and Stock Building Supply are subsidiaries of U.K.-based Wolseley plc, the world’s largest trade distributor of plumbing and heating products, with sales of $20.8 billion for the year ended July 31, 2005.
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