Business View Caribbean | June 2022

33 BUSINESS VIEW CARIBBEAN VOLUME 9, ISSUE 6 PEAKE TECHNOLOGI ES L IMI TED TR INIDAD than 60 years is a testament to their dedication to consistent performance, competence, and excellence in customer service. Since 2003, Peake Technologies Limited has expanded across Trinidad with six retail outlets, including a head office which houses their service and engineering departments. They service all brands and ranges of air conditioning products from small residential units to heavily engineered systems, inclusive of design, build, and commissioning. The Peake Technologies crew is proud of their work on a multitude of projects in Trinidad & Tobago, Guyana, St. Lucia, and other islands. Daniel Peake, Director & Project Manager for Peake Technologies Limited, reports, “Our biggest issue right now is the global supply chain slowdown that has created major problems for projects. Lead times are stretched out to 12 months and some places we can’t get another order in for a year and a half. Our customers understand what’s happening, although some are more frustrated with what goes on because they have their own timelines for projects that they want to get up and running.” For example, Peake Technologies started a construction job at Piarco Plaza Food Hall in July of 2021 and they’re hoping to open July of this year but still haven’t received units that were ordered last August. With manufacturers experiencing delays of raw materials from China, and the increase in shipping costs, there is much for Peake Technologies to contend with. Daniel confirms, “We’ve seen a 35 to 40 % increase in pricing over the past year. Some of the increase we are able to pass on to customers, when we show them what the costs really are, and they accept that. Normally, we have a valid date of four weeks on our quotations and, pre-COVID, we’ve been somewhat lenient with that. But now when the date is up, we have to re-quote