Welcome one and all.

The construction dark ages.

Whether you are a sub looking to know what General Contractors to do business with or as a General you would like to know your reputation GensRate has you covered. Good contractors deserve to be recognized and the bad deserve to be tossed on the dust bin of irrelevant history.

Does the GC act as a partner with their subs? Do they pay on time? How is their bidding process? Their pay app process?

GensRate is the place to learn this and more about the construction industry.

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The hypocrisy of it all: When a supplier can’t

Code of Ethics. Supplier code. Doing business code. Every single thing from their “five pillars” of doing business to 50-page ethics code flies completely in the face of everything that has occurred with their product. In fact lies have been told by the manufacturer’s sales reps to attempt to cover-up a variety of things. They’re […]

Typically contingency % for building

Everywhere I look I see 5-10% as typical. That said there is currently a 26 million dollar public works project that only set aside 2.5%. From there the GC doesn’t book change orders but strictly as contingency expenses but then turns around and claims a low amount of change orders which isn’t true. So rather […]

New CO ratio to be included in future genDEX

It isn’t integrated yet as details are still being worked on but the general idea is that GCs seem to be really good at booking credits and back charges and REALLY slow at approving change orders. This can greatly affect pay apps and cash flows. A slight difference might be expected because of presentation to […]

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