Originally Posted by Field Audit Services LLC
I will say it once again; it does not matter what the contractor is being paid, what matters is what the sub (you) agreed to be paid. These companies, whether through the good old boy network or otherwise, went out and had the cash flow and got major contracts, while you are subbing for pennies on the dollar...willingly I might add. And now you want to whine and cry.
STOP WHINING! If you want better paying contracts go out and get them! Be prepared to having to wait 90+ days for payment in the 10's of thousands of dollars which you have fronted out.
While I agree with most of your sentiment. I do have a little difference of opinion. I am not a liberal by a long shot. I DID NOT vote for Obama. That said, what I want is the order mills to just do as they say they'll do. Honor the contract we have. Act with fairness in dealing with errors and mistakes. Instead of trying to take advantage of the contractor to line their pockets.
I have read all the guidelines set forth by FHA, VA, FNM, and FMC. I know what the rules are. If I make a mistake, I'm big enough to shoulder the consequences. What we don't need is someone finding loop holes to take our money. For instance, not too long ago we were paid $60 for a knob lock and $60 for a deadbolt per FHA guidelines. Now, someone read the guidelines and saw that they could be interpreted as it being $60 for the set. So, we get screwed. When the wording in the guidelines say "Up to" a certain amount for a particular project, watch out. They order mill can set whatever price they want to pay you and pocket the rest.
All we need is fairness in our dealings. Take whatever percentage was agreed to in the contract and pay the contractor for the work performed.
And for the love of God - stop cutting my bids prior to sending them to the client. And never place a bid for me and expect me to honor it.
One other thing, why is it that the last contractor at the property inherits all the mistakes of all the contractors that ever performed work at the property? If the contractor that "fixed" the roof didn't do it correctly, and the next guy comes along and can't tell it wasn't done correctly - because it hasn't rained recently - but is still held responsible for damages caused by the roof leak...how is that fair dealings?