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Article about doing T&M jobs, why you shouldn't!! #11750 07/21/02 10:05 PM
Joined: Apr 2002
Posts: 21
J
jo Offline OP
Member

Work Gear for Electricians and the Trades
Re: Article about doing T&M jobs, why you shouldn't!! #11751 07/21/02 10:18 PM
Joined: Oct 2000
Posts: 5,389
S
sparky Offline
Member
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 from cybersoapbox.com]

[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 01:00 AM
Joined: Feb 2002
Posts: 375
G
George Offline
Member
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 05:49 AM
Joined: Mar 2002
Posts: 360
T
Trainwire Offline
Member
Cool Graemlin!

Re: Article about doing T&M jobs, why you shouldn't!! #11754 07/22/02 08:40 AM
Joined: Oct 2001
Posts: 77
T
Tiffany Sparks Offline
Member
"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 02:00 PM
Joined: Oct 2000
Posts: 5,389
S
sparky Offline
Member
Which he did T&M or what?

Re: Article about doing T&M jobs, why you shouldn't!! #11756 07/22/02 02:02 PM
Joined: Oct 2000
Posts: 5,389
S
sparky Offline
Member
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 02:21 PM
Joined: Apr 2002
Posts: 7,209
HotLine1 Offline
Member
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 03:31 PM
Joined: Oct 2000
Posts: 5,389
S
sparky Offline
Member
Quote
Cool Graemlin!

one of these Steve?

[Linked Image from hydra.nat.uni-magdeburg.de]

Re: Article about doing T&M jobs, why you shouldn't!! #11759 07/22/02 03:46 PM
Joined: Oct 2000
Posts: 5,389
S
sparky Offline
Member
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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