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#11750 - 07/21/02 07:05 PM Article about doing T&M jobs, why you shouldn't!!
jo Offline
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Registered: 04/20/02
Posts: 21
Loc: Oakland, California
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#11751 - 07/21/02 07:18 PM Re: Article about doing T&M jobs, why you shouldn't!!
sparky Offline
Member
Registered: 10/18/00
Posts: 5303
Quote:
. The reality is that 90% to 96% of all Contractors will go broke and out of business over a 10-year cycle.


oh really? I do my share of T&M & i've been open for 5 years now, should i start downloading Chap 11 forms now, or in 2008?

perhaps a forum poll is in order???



[This message has been edited by sparky (edited 07-21-2002).]
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#11752 - 07/21/02 10:00 PM Re: Article about doing T&M jobs, why you shouldn't!!
George Offline
Member
Registered: 02/23/02
Posts: 375
I suspect most small businesses don't fail.

Many business owners change their business organization (S-Corp, LLC, Sole Proprieter, partnership), their business name, or their business focus. Any or all of these are included in "business failures." (Adding a partner requires forming a whole new partnership if done right.)

Some people form "businesses" for special projects that have limited lifetimes.
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#11753 - 07/22/02 02:49 AM Re: Article about doing T&M jobs, why you shouldn't!!
Trainwire Offline
Member
Registered: 03/15/02
Posts: 360
Loc: Strasburg,PA,USA
Cool Graemlin!
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#11754 - 07/22/02 05:40 AM Re: Article about doing T&M jobs, why you shouldn't!!
Tiffany Sparks Offline
Member
Registered: 10/04/01
Posts: 77
Loc: Iron River, Wi USA
"Michael Stone is the author of the best selling book Markup and Profit; A Contractor’s Guide, published by Craftsman Book Co."

This is a good book however, if you haven't read it already. It may not be a bad idea. MHO.............Tiff
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#11755 - 07/22/02 11:00 AM Re: Article about doing T&M jobs, why you shouldn't!!
sparky Offline
Member
Registered: 10/18/00
Posts: 5303
Which he did T&M or what?
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#11756 - 07/22/02 11:02 AM Re: Article about doing T&M jobs, why you shouldn't!!
sparky Offline
Member
Registered: 10/18/00
Posts: 5303
These 'How-To' dudes write and lecture for a living.
I say 96% of them would'nt make it in our shoes....
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#11757 - 07/22/02 11:21 AM Re: Article about doing T&M jobs, why you shouldn't!!
HotLine1 Offline


Member
Registered: 04/03/02
Posts: 6776
Loc: Brick, NJ USA
Gentlemen:
Isn't this the correct T&M formula:
TIME
Materials
O&P
=Total Cost of work performed

I/we do T&M, and have had no problems since 1985....
Yes, I/we do contract/bid work, and run service and lighting maintenance.
Steady clients and a "trust" between them and us keeps a good thing going.
HotLine1
John

Trainwire: You mean "Gremlin"?? or did I miss something.

[This message has been edited by HotLine1 (edited 07-22-2002).]
_________________________
John
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#11758 - 07/22/02 12:31 PM Re: Article about doing T&M jobs, why you shouldn't!!
sparky Offline
Member
Registered: 10/18/00
Posts: 5303
Quote:
Cool Graemlin!


one of these Steve?

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#11759 - 07/22/02 12:46 PM Re: Article about doing T&M jobs, why you shouldn't!!
sparky Offline
Member
Registered: 10/18/00
Posts: 5303
in all fairness here........


Quote:
My good man,
as i am currently blowing cyber-rasberries at you, it would be unfair to not let you defend yourself........
http://www.contractorresource.com/cgi-bin/showContent.cgi/avoidcptm/

~Steve
aka
sparky
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