Subcontractor Lawsuit - Page 4 - General Discussion - Contractor Talk

Subcontractor Lawsuit

 
Thread Tools Search this Thread Display Modes
Old 05-08-2019, 10:28 AM   #61
GC/carpenter
 
Calidecks's Avatar
 
Trade: Decking, Railing, Carpenter/General Contractor
Join Date: Nov 2011
Location: Anaheim Hills, California (OC)
Posts: 36,929
Rewards Points: 19,804

Re: Subcontractor Lawsuit


Everyone gets paid after I buy my boat.


Mike.
_______________
Calidecks is online now  
The Following User Says Thank You to Calidecks For This Useful Post:
Stryker1-1 (05-08-2019)

Warning: The topics covered on this site include activities in which there exists the potential for serious injury or death. ContractorTalk.com DOES NOT guarantee the accuracy or completeness of any information contained on this site. Always use proper safety precaution and reference reliable outside sources before attempting any construction or remodeling task!

   

Advertisement

 

Old 05-08-2019, 06:29 PM   #62
New Guy
 
maodo's Avatar
 
Trade: gc
Join Date: Apr 2019
Location: Seaside, CA
Posts: 25
Rewards Points: 52

Re: Subcontractor Lawsuit


Quote:
Originally Posted by rescraft View Post
I have been on the other end of the spectrum too, a few times. I've paid subs in full and then had to go back myself, and fix their flaws. Nothing really major, I just expected better follow through, after I've paid them before finishing.
Yep, hence the fact that I am owed 35G worth of invoices for work I have done 6 months ago and paid everyone already, plumbers, electrical, concrete...etc... That has been my practice for 10 years, am known for that, hence why subs love to work for me... now it is subs who get me GC jobs, knowing that I am fair to them as a general rule, and would pay them before I get paid.
This exception with the roofer doesn't unmake that rule..matter of fact, it is that rule which caused that exception.
just saying...
maodo is offline  
The Following 2 Users Say Thank You to maodo For This Useful Post:
rescraft (05-08-2019), SmallTownGuy (05-08-2019)
Old 05-08-2019, 06:55 PM   #63
Pro
 
Stryker1-1's Avatar
 
Trade: Low Voltage Systems
Join Date: Dec 2017
Posts: 1,170
Rewards Points: 2,350

Re: Subcontractor Lawsuit


Sorry but I have the ask why not just get a loan from a bank and pay it back when you get paid?

Do you not have a line or credit or anything you can draw the funds from for a short period to square up and avoid further legal action?

What you need to do is get yourself some working capital.

Sent from my SM-G870W using Tapatalk
Stryker1-1 is offline  
Sponsored Links
Advertisement
 
Old 05-08-2019, 07:06 PM   #64
Pro
 
KAP's Avatar
 
Trade: Custom
Join Date: Feb 2011
Posts: 11,211
Rewards Points: 34,710

Re: Subcontractor Lawsuit


Quote:
Originally Posted by Stryker1-1 View Post
Sorry but I have the ask why not just get a loan from a bank and pay it back when you get paid?

Do you not have a line or credit or anything you can draw the funds from for a short period to square up and avoid further legal action?

What you need to do is get yourself some working capital.

Sent from my SM-G870W using Tapatalk
You might have missed it...
Quote:
Originally Posted by maodo View Post
I tried that, that was my last resort... and it seemed like it was going to work, the roofer was also aware of that. My bank started positive but then was jerking me around. I tried to go through online sources, same thing there. Unfortunately, though i showed plenty of income, there were feast and famine months, and they felt uncomfortable with such swings in income. Currently working on another loan, which if comes through, I should be able to pay everyone in full. Hopefully before court date.

Last edited by KAP; 05-08-2019 at 07:16 PM.
KAP is offline  
The Following User Says Thank You to KAP For This Useful Post:
maodo (05-08-2019)
Old 05-08-2019, 07:11 PM   #65
Pro
 
KAP's Avatar
 
Trade: Custom
Join Date: Feb 2011
Posts: 11,211
Rewards Points: 34,710

Re: Subcontractor Lawsuit


Quote:
Originally Posted by maodo View Post
Yep, hence the fact that I am owed 35G worth of invoices for work I have done 6 months ago and paid everyone already, plumbers, electrical, concrete...etc... That has been my practice for 10 years, am known for that, hence why subs love to work for me... now it is subs who get me GC jobs, knowing that I am fair to them as a general rule, and would pay them before I get paid.
This exception with the roofer doesn't unmake that rule..matter of fact, it is that rule which caused that exception.
just saying...
10 years in making sure everyone is paid, and in this case, you paid the price (well, almost) for deviating from that established practice... my guess is, with the humility and openness you've shown in discussing it, and recognizing your liability and culpability and WANTING to make it right, this is most likely a one-off learning experience and text book example for others on the importance of Capital Reserves / Emergency Fund and why that word Profit (that you use to pay your company to establish those and other things like Equipment Fund and NOT what you pay yourself) is so important long term...

BTW, once you have those Capital Reserves / Emergency Fund (3-6 months worth), you'll find it quite easy to get a LOC at your bank... banks are always happy to give a LOC to someone who doesn't need it right then...


Keep moving forward... this too shall pass...

Last edited by KAP; 05-08-2019 at 09:20 PM.
KAP is offline  
The Following 2 Users Say Thank You to KAP For This Useful Post:
Jaws (05-08-2019), maodo (05-08-2019)
Old 05-08-2019, 07:15 PM   #66
Pro
 
B.Johnson's Avatar
 
Trade: Builder
Join Date: Sep 2016
Location: SE Michigan
Posts: 1,456
Rewards Points: 2,652

Re: Subcontractor Lawsuit


Quote:
Originally Posted by cwatbay View Post
But the one thing I did learn, early on, is that everyone gets paid before I do. Even now, I am the last to get paid.
I never get paid. I just get to keep what's leftover after everything else is paid for.
__________________
Home Designer Series Software
B.Johnson is offline  
The Following 2 Users Say Thank You to B.Johnson For This Useful Post:
cwatbay (05-08-2019), Jaws (05-08-2019)
Old 05-08-2019, 08:27 PM   #67
Pro
 
Stryker1-1's Avatar
 
Trade: Low Voltage Systems
Join Date: Dec 2017
Posts: 1,170
Rewards Points: 2,350

Re: Subcontractor Lawsuit


Yes I did miss it didn't read far enough down before posting. if you can't get the full amount can you get half or 1/3?

Sent from my SM-G870W using Tapatalk
Stryker1-1 is offline  
Old 05-08-2019, 08:30 PM   #68
New Guy
 
maodo's Avatar
 
Trade: gc
Join Date: Apr 2019
Location: Seaside, CA
Posts: 25
Rewards Points: 52

Re: Subcontractor Lawsuit


Quote:
Originally Posted by Stryker1-1 View Post
Yes I did miss it didn't read far enough down before posting. if you can't get the full amount can you get half or 1/3?

Sent from my SM-G870W using Tapatalk
I hope to shortly. I am waiting on something, which should enable me to pay at least 1/3 to a half.
maodo is offline  
The Following 2 Users Say Thank You to maodo For This Useful Post:
Jaws (05-08-2019), KAP (05-08-2019)
Old 05-08-2019, 08:32 PM   #69
Pro
 
JFM constr's Avatar
 
Trade: remodel,finish&trim
Join Date: Jul 2014
Location: Sonoma Calif
Posts: 912
Rewards Points: 1,950

Re: Subcontractor Lawsuit


Quote:
Originally Posted by Calidecks View Post
Everyone gets paid after I buy my boat.


Mike.
_______________
at the risk of piling on -Mikes got a point here .

Advertisement

JFM constr is offline  


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Join Now... It's Fast and FREE!

I am a professional contractor
I am a DIY Homeowner
Drywall Talk is for
PROFESSIONAL CONTRACTORS ONLY!

At DrywallTalk.com we cater exlusivly to professional contractors who make their living as a contractor. Knowing that many homeowners and DIYers are looking for a community to call home, we've created www.DIYChatroom.com DIY Chatroom is full of helpful advices and perfect for DIY homeowners.

Redirecing in 10 seconds
No Thanks
terms of service

Already Have an Account?