another bid result - I'm horrified now

[Rewire]

You could always tell when a young contractor landed his first "big" job he would be driving in his brand new truck.

I tell my guys the way I judge the success of my business is not when I can go out and buy that fancy new truck but when you can.

 

[brian john]

just when I think thinks can't get worse. This bid was a prevailing wage job in boston, ma - 16 EC's bid - this is a low bid wins type job - no GC. The estimated value of this job was 55000

.

I re-bid a maintenance job, I had the job for 15 years that was, 3-5 year contracts. My last bid I was middle of the pact, the guy that was rewarded the contract was lower in price than I was when I first won the contract 15 years ago.

The customer called to complain he has no electricians, (he is an HVAC contractor), they argue every point of the contract, bill for extras when there are none to bill, add material that is not there and wanted me to do for T&M (at a reduced rate) work they cannot perform.

I made money at my 5 year price and after 15 years I knew the cost for material and labor. Some people play games, me I try to be straight forward. BUT like a fool I did one part of the contract as the customer asked me to assist they were concerned the HVAC guy would mess it up. I had a hell of a time getting paid and then it was not in full.

 

[Sparky555]

I made money at my 5 year price and after 15 years I knew the cost for material and labor. Some people play games, me I try to be straight forward. BUT like a fool I did one part of the contract as the customer asked me to assist they were concerned the HVAC guy would mess it up. I had a hell of a time getting paid and then it was not in full.

Don't you love it when a customer stays on their budget by screwing you. It looks like it's time to fire them.

 

[Fulthrotl]

sadly....it's how EC's think

it isn't just limited to EC's, sadly. downey savings and loan in newport
beach had 50 treasury agents from FDIC this morning at their corporate
offices, carrying stuff out.... i don't think it was a teambuilding excercise.

things are pretty icky around here, right now.

 

[mivey]

What if he charged plenty and blew it on stupid stuff.

I just read a story about a guy, who never made more than $11/hr in his life, and just gave away millions.....millions....he saved and invested his little leftovers.

It's not how much you charge, but what you do with it, once you made it.

If you blow it, you'll have to keep charging more to make up for it.

He must have been something else.

Consider Joe, the roping hack. Makes $11/hr, works a little extra and nets $2000/month after taxes. Lives frugal so he can invest $1,000/mo for 40 years. Earns 5% interest for those 40 years. He has $1.5 million dollars to give away.