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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…
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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…
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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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Beware the strength of the sub
Whether you join an association like American Subcontractors Association and/or participate here with reviews of GCs you must do something. It kills me that a major supplier to a 4 generation old subcontractor would rather throw that multi-million dollar relationship away than to own up to a substandard product. Multi-billion dollar company. They never disclosed…
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The strength of your hand
Poker hand. Don’t ever assume you don’t have a hand worth playing. Money for a lawsuit is not the only card a sub can play. More than likely you have information that the GC doesn’t want to goto the owner. Goto the owner with or without the GC and get your COs finalized. Compromise is…