GCs and their contract/waivers

Different can't be the Same

Playing a bidder for a fool. Not wise.

How much do you think General Contractors really know what is in their contracts? Based on in-person reviews with some over contracts I think really not much. Sadly the sub-contractors don’t read it as well.

Just got a look at a final waiver form yesterday that honestly looks to be purposely confusing. It doesn’t call out the GC name or the sub name but instead uses the word “undersigned” 10 different times in 3 very short paragraphs. Bottom line unlike the progress waiver signed by suppliers during the job this GC deviated their wording significantly from their progress forms. Was this a honest mistake, something simply overlooked? Or was it intentional to delay payment to subs as what to one of the subs we work with experienced?

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Just a sub

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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