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I would like to hear what your payment policy is going to be. Most of these sub contract arrangements put the sub-contractor at an extreme dis-advantage. The sub does the work and ends up waiting 45 to 90 days past the end of the month for a check and then it's a constant battle to get paid.
Ken,
The Sub is always is at a disadvantage. I am Honest and Sincere with what I do. I will not say that a Sub will be in an Advantage position.
1. Its not their account
2. I am just getting a National Account. Whether they are Interested or not I dont Care.
3. Our Payment Option is Net 30. they submit their Invoice lets say Wednesday December 7,2005 they get paid on Friday January 6,2006.
The only Reason we are doing this is because we will Open our First 2 Branches in Florida and Virginia and 1 is still undergoing negotations in Rhode Island. This is a big help for other starting business and only voluntary if they wish to join.
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Also, spell out your penalty clauses, how you will withhold funds for non-compliance.
As I have said " I am preparing a Form that needs to be Filled out for Non-Disclosure and Disclaimer. Note that the Nationwide Bidding will put our Company in the List of Serrvice Providers in every State. If there are needs for the Service in a Certain State they will Contact our Company. Other Info will follow. PM me if you are interested." Or I will put this as a Contract Refferal and they can pay a refferal fee.
Next how will you pick a contractor? What guarantee will they have that they will be offered jobs available in that area?
Thers no Money involve in this. By being a sub in the Area. There is no Promise or Guarantee as I have said I am very Honest and Sincere with what I do. As a Minority Entity we get Priorities in Bids for Jobs and Contracts Specifically. Diversity Programs ? I am just planning to include other States as well or maybe Not Anymore.
I have been down this road a number of times over the years and can only think of 1 company that hasn't played games or burned us.
You did come to this Road with the Intention maybe for Profit. But my Intentions is to help the Starting Businesses. If I were to Choose ? I wont Care much at all anymore. First Our Company doesnt need more Contracts. With FAA,FBI and the Military Installations not including all the Insurance Companies,Corporate Property Maintenance and State Contracts in our Pockets. Bud I am Ready to Retire in 7 Years pass this on to Family Member and just Collect Royalty while sipping Coconut Juice in the Pacific with a House in Front of the Beach Custom Tailored to my Needs.
What are the percentages you will be paying out?
As we near the Million Bucks Production and the Reputation that the Feds and State and Insurance Contracts continously use our Services. I dont think paying out through our Company will be a problem. Its like your Credit is as Good as You.
But Good you pointed out a lot of Discrepancies maybe I will just Bid for our Company Alone much better for me and Less HeadAche and more Coconut Juice in 7 Years.
