Mike Dolt Enterprises
Mike Dolt Enterprises
User: Benton, Location: Louisiana
Asked on: Monday, March 28, 2011 at 1:27 pm EDT
Answered on: Tuesday, May 14, 2024 at 3:23 am EDT
Question: I have been contacted by someone who works on foreclosed homes for a bank. He needs an EC so he contacted me for a bid on the work that needs to be done. I gave him a bid to do some work on the inside and "change" the service. In my bid I made it plan that the bid was for me piping the service from under the carport, not complete removal. I talked with the PC and told them about my idea to pipe the service from under the carport to the side of the house. They were not sure if they would re-connect it after I piped it out. I'm suppose to meet with there engineer to look at some ideas. I'm not sure if I want to do business with these people, first off because I'm not going to get paid until 21 day later, and secondly because the guy between me and the bank doesn't know how to explain things to his people about the timing on my side. Everything seems to be a rush! I have done one really small job for them before. Anyway, how would you guys deal with this?
Consider the following steps
1. Clarify Expectations
Confirm with the contact person and the engineer the exact scope of work, including whether the service will be reconnected after you pipe it out. Ensure that everyone understands your proposal and payment terms.
2. Establish Clear Communication
Request direct communication with the bank or PC to avoid misinterpretations. Explain your approach and expected timeline in detail. Emphasize that you need sufficient time to complete the work properly.
3. Assess the Timeframe
Determine if the 21-day payment window is feasible for your business. Consider negotiating a shorter payment period or charging a deposit for materials and labor.
4. Evaluate the Relationship
Reflect on your previous experience with the company and the communication challenges. Consider if you are comfortable working with them again. Trust and open communication are crucial for a successful partnership.
5. Make a Decision
Weigh the pros and cons of accepting the bid based on your assessment of the scope of work, payment terms, communication, and overall relationship. If you have concerns, it's better to decline the project than to compromise your business.
Additional Tips
Document your conversations
Keep a record of communications to avoid misunderstandings later.
Get everything in writing
Request a written order or contract that outlines the scope of work, payment terms, and timelines.
Be prepared to walk away: If the company is unwilling to meet your reasonable requests or if you are uncomfortable with the situation, it may be best to decline the project. Flag for review