It’s been a while and I had to get a new password. Been sorta busy, lots of depositions, hearings, negotiations rehabbing several houses and also engaged in ferrying various aircraft around and wife has delivered ultimatum that flying will end when I turn 75 (January 2007).
Over the past year or so I have noticed a change in the quality of the EC’s that I deal with in the various stages of the litigation process. They are much more knowledgeable and competent than 10 years ago. They have their “ducks in a row” when they call us in. Is this pretty general in the industry now? Spoke with one EC who said he had been burned so many times he actually has a lawyer on staff, and hasn’t been suckered in 8 years. He does projects from custom homes to small industrial and one of his methods is that if progress payments are not paid within 30 days, work stops. Volume for 2005 was over $16,000,000 with $0 losses. Volume in 1995 was $3,700,000 with losses on several jobs due to non-payment by GC’s. What methods do the forum members use to collect and stay in business? I recall an old timer once told me that the secret to success had 3 elements: 1. Collect what you are owed. 2. Take care of the work you have. 3. Obtain new work. I would think it still holds true.
Rowdy
