Bid after the fact(well fargo) - REO Property Preservation Forum
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post #1 of 16 (permalink) Old 05-14-2014, 12:11 AM Thread Starter
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Bid after the fact(well fargo)

got my first adjusted invoice and knew I shouldn`t have done job like this. They are saying photos don`t justify and per cost estimator crap!

My biggest problem with the cost estimator is how do they know my costs of doing business? Are they just pulling number out of the air to put in the estimator?

All I can say is they will get a bid and approve it before any work gets done in the future!
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post #2 of 16 (permalink) Old 05-14-2014, 03:13 AM
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re

The cost estimator is a joke, it seems like half the time I'm thinking "there is no way I'm doing this job for xx" and the other half I'm laughing all the way to the bank.
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post #3 of 16 (permalink) Old 05-14-2014, 07:33 AM
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I had 2 regionals that said they will not give me anymore work (blessing). The reason is I will not do BATF, I told them either give the approval in writing or I am not doing it. To many chances of having it cut.
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post #4 of 16 (permalink) Old 05-14-2014, 07:51 AM
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Have ran into same issue , I have never done a job and batf because theres always going to be a problem. Regional I was working for used the estimator my numbers never got close to theres so after turning jobs down several times for not being enough profit they quit giving me work. I pretty much am just doing grass cuts now I don't think I will do any more clean outs or winterizations any more the money that all want to pay is way to low regaurdless if its national or regional . Hope I can totally be out of the p&p side by the end of this year , hard to believe how far things have went down hill since we started don't see how many mom and pop shops will last
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post #5 of 16 (permalink) Old 05-14-2014, 08:21 AM
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Above is a typical scenario-
Contractor assigned the trashout made a burn pile and left that mess. Another contractor shows up for the initial mow and calls it in. He batf at 5 cyds. Invoice is cut to 1 cyd then bumped to 2cyd as good will because the contractor should have put everything inside the white container then calculated. Nevermind the backcharge nonesense. That's another thread.

Neither total is acceptable to me an here is why-
A. Most mowing contractors will have a trailer full of equipment and will not be able to transport debris of that volume. Requires a return trip to site.
B. That amount of debris won't cover landfill fees, let alone labor.

Contractor B should have a minimum fee they charge for debris, ie $350, $500, etc, to cya. If you can't make your money on it, you shouldn't be doing it. If your client won't pay it, you shouldn't do work for them.
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post #6 of 16 (permalink) Old 05-14-2014, 08:48 AM
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This has NFR written all over it!

My thoughts on this are that it sucks for sure. However we just let a client go that had us driving out and bidding a million times and when we finally did get the work it was for less profitable due to all of the trips. There is no good way but the BATF is a better system than visiting the property 20 times for one bid approval.

What I hate is getting to a property and not being prepared to say tow a tractor or remove a mobile home. Yesterday we removed a 2003 chevy tahoe. Nice truck but I was in Vandalia, IL and had a trailer full so I had to call a local tow company. That cost me several hundred bucks or more if the vehicle ran.

I figure we are going to lose 15-20% every year in no pays and chargebacks. I just add these to that list.
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post #7 of 16 (permalink) Old 05-14-2014, 10:34 AM
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Quote:
Originally Posted by brm1109 View Post
I had 2 regionals that said they will not give me anymore work (blessing). The reason is I will not do BATF, I told them either give the approval in writing or I am not doing it. To many chances of having it cut.

I've completed BATF WO's for WF almost every day for the last 2 years and can only remember 1 payment that was reduced and it was for lack of documentation.

However, in the same time period I have had more invoices cut than I could possibly recall without searching through the books on "Estimate Approval" orders.

Based solely on actual experience, I trust being paid what I bid on a BATF for WF far more than I trust getting paid what I bid on an "Estimate Approval" order for them.

Maybe the difference is I do not work for greedy regional companies (which is all of them).

Iíve already told you more than I know.

Last edited by PropPresPro; 05-14-2014 at 10:36 AM.
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post #8 of 16 (permalink) Old 05-14-2014, 03:16 PM
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I have no issue with Wells Fargo.

I no longer do any BATF for 99% of the nationals or regionals.

I will do them for almost all brokers I have had previous dealings with.

There is one female broker in an area we cover that calls me for rehab bids approx twice per month. We are obviously her 2nd bid as we haven't received an approval from her in over two years. It isn't that we are overpriced; I just don't do kickbacks and thus, we don't care for eachother. So, I'm working on a polite way to tell her to stop wasting my time. Hmm, that didn't seem so rude.
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post #9 of 16 (permalink) Old 05-14-2014, 10:00 PM
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Quote:
Originally Posted by GTX63 View Post
I have no issue with Wells Fargo.

I no longer do any BATF for 99% of the nationals or regionals.

I will do them for almost all brokers I have had previous dealings with.

There is one female broker in an area we cover that calls me for rehab bids approx twice per month. We are obviously her 2nd bid as we haven't received an approval from her in over two years. It isn't that we are overpriced; I just don't do kickbacks and thus, we don't care for eachother. So, I'm working on a polite way to tell her to stop wasting my time. Hmm, that didn't seem so rude.
I have a simple rule. After 10 bids with no work I have a chat with them to find out what they do not like about my bids so I can fine tune them. After 20 bids with no work I stop bidding and tell them why.
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post #10 of 16 (permalink) Old 05-14-2014, 10:14 PM
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10-20-2x per month bids wth??

5 bids and no approvals it's a $200 per bid fee refundable upon each bid approval.
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