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Article about doing T&M jobs, why you shouldn't!! #11750
07/21/02 09:05 PM
07/21/02 09:05 PM
J
jo  Offline OP
Member
Joined: Apr 2002
Posts: 21
Oakland, California

Work Gear for Electricians and the Trades
Re: Article about doing T&M jobs, why you shouldn't!! #11751
07/21/02 09:18 PM
07/21/02 09:18 PM
S
sparky  Offline
Member
Joined: Oct 2000
Posts: 5,371
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???

[Linked Image]

[This message has been edited by sparky (edited 07-21-2002).]

Re: Article about doing T&M jobs, why you shouldn't!! #11752
07/22/02 12:00 AM
07/22/02 12:00 AM
G
George  Offline
Member
Joined: Feb 2002
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.

Re: Article about doing T&M jobs, why you shouldn't!! #11753
07/22/02 04:49 AM
07/22/02 04:49 AM
T
Trainwire  Offline
Member
Joined: Mar 2002
Posts: 360
Strasburg,PA,USA
Cool Graemlin!

Re: Article about doing T&M jobs, why you shouldn't!! #11754
07/22/02 07:40 AM
07/22/02 07:40 AM
T
Tiffany Sparks  Offline
Member
Joined: Oct 2001
Posts: 77
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

Re: Article about doing T&M jobs, why you shouldn't!! #11755
07/22/02 01:00 PM
07/22/02 01:00 PM
S
sparky  Offline
Member
Joined: Oct 2000
Posts: 5,371
Which he did T&M or what?

Re: Article about doing T&M jobs, why you shouldn't!! #11756
07/22/02 01:02 PM
07/22/02 01:02 PM
S
sparky  Offline
Member
Joined: Oct 2000
Posts: 5,371
These 'How-To' dudes write and lecture for a living.
I say 96% of them would'nt make it in our shoes....

Re: Article about doing T&M jobs, why you shouldn't!! #11757
07/22/02 01:21 PM
07/22/02 01:21 PM
HotLine1  Offline

Member
Joined: Apr 2002
Posts: 7,050
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
Re: Article about doing T&M jobs, why you shouldn't!! #11758
07/22/02 02:31 PM
07/22/02 02:31 PM
S
sparky  Offline
Member
Joined: Oct 2000
Posts: 5,371
Quote
Cool Graemlin!


one of these Steve?

[Linked Image]

Re: Article about doing T&M jobs, why you shouldn't!! #11759
07/22/02 02:46 PM
07/22/02 02:46 PM
S
sparky  Offline
Member
Joined: Oct 2000
Posts: 5,371
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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