Millenial Contractors - Page 2 - Business - Contractor Talk

Millenial Contractors

 
Thread Tools Search this Thread Display Modes
Old 12-29-2018, 07:25 AM   #21
water re-locater
 
NYgutterguy's Avatar
 
Trade: Gutter installer
Join Date: Mar 2014
Location: orange/rockland ny NYC suburbs
Posts: 6,629
Rewards Points: 6,288

Re: Millenial Contractors


Iím down to only around 85% handshake now. Iím really starting to become more professional. Lol. I find it so adorable when a customer says I signed the contract part through the app and sent it back to you.


Sent from my iPhone using Tapatalk
NYgutterguy is online now  
The Following User Says Thank You to NYgutterguy For This Useful Post:
Mordekyle (12-29-2018)

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 12-29-2018, 07:58 AM   #22
Member
 
Adamthebuilder's Avatar
 
Trade: Builder
Join Date: Apr 2016
Location: Dayton Ohio
Posts: 91
Rewards Points: 196

Re: Millenial Contractors


I set up draws on my contract based on work perform/completed. Pay my trades right away, often times handing them a check. When I get my draw, if they havenít already been paid, I pay them right away. I donít wait 30 days or so and sit on the money.

Recently, I had a crew of 6 painters who caulked in and painted an entire house in two days. (We had a couple of warm days here in Ohio just before Christmas). Painter knew he would get a check right away, probably for Christmas bonuses for his guys.

Scheduling is easier when you pay promptly too. If a tradesmen has two GCís who have projects ready for them at the same time, who is he going to take care of first?
Adamthebuilder is offline  
The Following 2 Users Say Thank You to Adamthebuilder For This Useful Post:
pinwheel (12-29-2018), Rio (12-29-2018)
Old 12-29-2018, 08:38 AM   #23
Pro
 
AllanE's Avatar
 
Trade: Home Builder
Join Date: Apr 2010
Posts: 247
Rewards Points: 567

Re: Millenial Contractors


1. I pay no deposit to subs except countertop fabricators who have to purchase slabs that are non-returnable.

2. Retainage is not an acceptable norm in residential, we never withhold money for work completed.

3. I do require subs to sign off on a Subcontractor Agreement promulgated by the Texas Builder’s Association. Has saved my bacon once or twice.

4. We use PO system via Builder Trend with subs, PO outlines scope of work and payment amount and other terms. We ask that no work be done without a PO issued on our end, if you bill us for work without a PO, you will either be slow paid, have amount billed reduced by us, in extreme cases not paid.

5. We pay online via Builder Trend when work is completed and sub requests payment on Builder Trend (we ask that they don’t send invoices). If work is completed per terms we pay immediately (within 1-5 days, usually closer to 1 day than 5). No check writing, no coming to office, I can and have paid from my iPhone app. The $ is in their account within 48 hrs.

6. There are a small number of exceptions to this process, but very few.
__________________
http://aedwards.com
AllanE is offline  
The Following 2 Users Say Thank You to AllanE For This Useful Post:
AustinDB (12-29-2018), Bainbridge (01-08-2019)
Sponsored Links
Advertisement
 
Old 12-29-2018, 10:12 AM   #24
Mad Men
 
Barnesy's Avatar
 
Trade: Contractor Advertising
Join Date: Dec 2018
Posts: 7
Rewards Points: 28

Re: Millenial Contractors


Quote:
Originally Posted by AllanE View Post
1. I pay no deposit to subs except countertop fabricators who have to purchase slabs that are non-returnable.

2. Retainage is not an acceptable norm in residential, we never withhold money for work completed.

3. I do require subs to sign off on a Subcontractor Agreement promulgated by the Texas Builder’s Association. Has saved my bacon once or twice.

4. We use PO system via Builder Trend with subs, PO outlines scope of work and payment amount and other terms. We ask that no work be done without a PO issued on our end, if you bill us for work without a PO, you will either be slow paid, have amount billed reduced by us, in extreme cases not paid.

5. We pay online via Builder Trend when work is completed and sub requests payment on Builder Trend (we ask that they don’t send invoices). If work is completed per terms we pay immediately (within 1-5 days, usually closer to 1 day than 5). No check writing, no coming to office, I can and have paid from my iPhone app. The $ is in their account within 48 hrs.

6. There are a small number of exceptions to this process, but very few.
I'd say this is an excellent use of technology. It's efficient, and the subs only have to follow very easy instructions to get paid quickly. Very impressive!
Barnesy is offline  
Old 12-29-2018, 11:22 AM   #25
Pro
 
donerightwyo's Avatar
 
Trade: custom builder
Join Date: Oct 2011
Posts: 2,795
Rewards Points: 302

Re: Millenial Contractors


I donít pay subs deposits, if you canít fund the start of the job you probably wonít be getting a call from me, with a few exceptions. Iím not writing checks to the same guy every week either. Bill me after rough in or monthly.

Babying subs is stupid, They are running a business just like I am, they can carry their own weight. I only bill for work I have completed, I expect the same from my subs. I have had the same subs for years though, they know they will get paid within a few days of invoicing.
__________________
I can't compete with hacks.
donerightwyo is offline  
The Following User Says Thank You to donerightwyo For This Useful Post:
Joasis (01-02-2019)
Old 12-29-2018, 03:52 PM   #26
Pro
 
pathbuilder's Avatar
 
Trade: General Contractor
Join Date: Jul 2017
Location: Michigan
Posts: 182
Rewards Points: 396

Re: Millenial Contractors


Unless you work with the same subs for years, a sub contract is a good CYA move. But if nothing else, it sets expectations. It doesn't need to be pages and pages, just 1-2 pages to explain some job site policies and best practices, that they're not an employee, etc.. Plus a contract like this would serve you well for your insurance provider and ICOA (in case of audit)

Sent from my Pixel 3 XL using Tapatalk
pathbuilder is offline  
Old 01-02-2019, 12:38 AM   #27
Registered User
 
VMadera's Avatar
 
Trade: Excavating and Utilities
Join Date: Dec 2018
Location: Colorado
Posts: 6
Rewards Points: 8

Re: Millenial Contractors


i doubt a millenial contractor can exist, you need to work hard to be a contractor and millenials cant put those two words together without cringing
VMadera is offline  
Old 01-02-2019, 05:16 AM   #28
The Sheriff

 
Jaws's Avatar
 
Trade: GC
Join Date: Dec 2010
Location: Texas
Posts: 22,972
Rewards Points: 3,920

Re: Millenial Contractors


Quote:
Originally Posted by VMadera View Post
i doubt a millenial contractor can exist, you need to work hard to be a contractor and millenials cant put those two words together without cringing
This millineal is up before the competition lol.

Sent from my SM-N920V using Tapatalk
__________________
"The sound of the saftey clicking off is the only warning your gonna get......., so cover your ears" Northeast Wyoming 2016

John
Jaws is online now  
The Following 5 Users Say Thank You to Jaws For This Useful Post:
Golden view (01-02-2019), Joasis (01-02-2019), jproffer (03-20-2019), pinwheel (01-02-2019), SmallTownGuy (01-02-2019)
Old 01-02-2019, 07:06 AM   #29
Pro
 
dave_dj1's Avatar
 
Trade: general contractor
Join Date: Mar 2010
Location: Upsate Ny/Vt border
Posts: 954
Rewards Points: 1,008

Re: Millenial Contractors


I did a couple of jobs for a national maintenance company, never again, took over a month to get a $1000 check. Too much paper work to file and get wrong (they hope you do) . I find it suits me not to work for them. I like low stress.
dave_dj1 is offline  
Old 01-02-2019, 07:15 AM   #30
Pro
 
pathbuilder's Avatar
 
Trade: General Contractor
Join Date: Jul 2017
Location: Michigan
Posts: 182
Rewards Points: 396

Re: Millenial Contractors


Quote:
Originally Posted by Jaws View Post
This millineal is up before the competition lol.

Sent from my SM-N920V using Tapatalk
Plus with two mouse pads you can work twice as fast

Sent from my Pixel 3 XL using Tapatalk
pathbuilder is offline  
The Following User Says Thank You to pathbuilder For This Useful Post:
Jaws (01-05-2019)
Old 01-02-2019, 08:47 AM   #31
Pro
 
Joasis's Avatar
 
Trade: General Contractor
Join Date: Mar 2006
Location: Hennessey, Oklahoma
Posts: 9,223
Rewards Points: 4,068

Re: Millenial Contractors


I still do a lot of jobs with no contract, and I have used the same subs for years.

The description of how the millennials are doing it now is precisely why I have a firm "NO" in my vocabulary.

I am specialized enough with my concrete that there is me, and about 2 other contractors in Oklahoma that do what I do....and we are all the same. We talk to each other. So the good cop/bad cop pricing game never works.

And the companies my son has been involved with that hold retainage and delay payment have all been weeded out. And you would be surprised how many come back and say they will make exceptions for us. My exception is a single page agreement that says "terms" and says net due upon completion and inspection. No retainage, no 30 days net, full payment. Liens filed in 30 days. No exceptions.


Now we may not get away with this for long, but I am getting out soon and my son can deal with it. But as long as I own the pop stand, we work on my terms. And we haven't lost a dime on the jobs we don't take because we have to finance them.
__________________
Ladwig Construction
Hennessey, Oklahoma
405 853 1563

Insulated Concrete Homes / ICF's
My Facebook Page
Joasis is offline  
The Following 5 Users Say Thank You to Joasis For This Useful Post:
Bainbridge (01-08-2019), donerightwyo (01-02-2019), hdavis (01-02-2019), rescraft (01-02-2019), TxElectrician (01-02-2019)
Old 01-02-2019, 10:04 AM   #32
Pro
 
cwatbay's Avatar
 
Trade: Electrical Contractor
Join Date: Mar 2010
Location: San Carlos, California
Posts: 1,385
Rewards Points: 2,424

Re: Millenial Contractors


I think that some of the issues I was trying to point out with this contractor are:

Simply throwing technology (like web portals, on-line contracts and waivers, pre-construction qualifications, etc.) doesn't make it better. The GC that has this tech guy as his partner to run the show, doesn't streamline things. It just makes it more tedious and time consuming.

Having all kinds of conditions in order to get paid doesn't attract competent subs. If your contract states that the sub doesn't get paid unless you do first, then that's a sign that you are under capitalized, or, you simply want all the money first as a guarantee. The other sign of this is the retainage. Again, this shows that you need some insurance that somebody is going to finish their job. Either you've been burned by bad decisions in the past, or, you just don't know how to hire competent subs.

The GC and his "chief technology officer" don't come from a time of developing relationships and handshakes. They are more of the paper contractor types that simply hire cheap and hope that all their on-line paperwork and conditions will protect them from losing money on bad subs.

Add to this the fact that the CTO told me that they are several clients that are past due and owe them $100K+ in invoices shows some desperation and lack of experience in qualifying clients.
cwatbay is offline  
The Following User Says Thank You to cwatbay For This Useful Post:
Joasis (01-02-2019)
Old 01-02-2019, 10:33 AM   #33
Pro
 
hdavis's Avatar
 
Trade: remodeling
Join Date: Feb 2012
Location: CoastalME
Posts: 22,651
Rewards Points: 7,374

Re: Millenial Contractors


Quote:
Originally Posted by cwatbay View Post
I think that some of the issues I was trying to point out with this contractor are:

Simply throwing technology (like web portals, on-line contracts and waivers, pre-construction qualifications, etc.) doesn't make it better. The GC that has this tech guy as his partner to run the show, doesn't streamline things. It just makes it more tedious and time consuming.

Having all kinds of conditions in order to get paid doesn't attract competent subs. If your contract states that the sub doesn't get paid unless you do first, then that's a sign that you are under capitalized, or, you simply want all the money first as a guarantee. The other sign of this is the retainage. Again, this shows that you need some insurance that somebody is going to finish their job. Either you've been burned by bad decisions in the past, or, you just don't know how to hire competent subs.

The GC and his "chief technology officer" don't come from a time of developing relationships and handshakes. They are more of the paper contractor types that simply hire cheap and hope that all their on-line paperwork and conditions will protect them from losing money on bad subs.

Add to this the fact that the CTO told me that they are several clients that are past due and owe them $100K+ in invoices shows some desperation and lack of experience in qualifying clients.
Maybe there's an app for all that...

If computerization doesn't improve productivity, it's a tough sell that it makes sense.
hdavis is online now  
Old 01-02-2019, 10:43 AM   #34
Pro
 
Joasis's Avatar
 
Trade: General Contractor
Join Date: Mar 2006
Location: Hennessey, Oklahoma
Posts: 9,223
Rewards Points: 4,068

Re: Millenial Contractors


The companies that have in house safety guys have been a pain, but this issue is also a royal pain. Technology is all fine and good, but these clowns need to get with the idea that other major players make....you can opt for online payments...or mail it the old fashioned way. As long as there is not a discount for online, or a penalty for mailed payments, then I will stick with paper and not paperless.

There is a company, for the life of me I cannot remember who they were, supplier of some sort, and they demanded only e-mail statements and payments. I closed my account. They wanted to know why? I said I am still the guy that sorts into folders invoices for clients to be either billed or paid...why should I spend hours doing your work and save you hours of billing, when your prices are not lower to reflect less office work on your side? No answer. No kidding. And I wasn't the only one....I heard they went back to mailed statements...but we simply changed suppliers.


As a side note, the Daily Oklahoman, our newspaper in OKC....has as of December 31, ended print newspapers. And left about 2/3 of their subscribers behind.

Millennial thinking I bet. Now we know print news is going out of style....but is it? I still liked sitting with a newspaper and a cup of coffee.
__________________
Ladwig Construction
Hennessey, Oklahoma
405 853 1563

Insulated Concrete Homes / ICF's
My Facebook Page
Joasis is offline  
The Following 2 Users Say Thank You to Joasis For This Useful Post:
cwatbay (01-02-2019), hdavis (01-02-2019)
Old 01-02-2019, 11:49 AM   #35
Fire up the BBQ
 
griz's Avatar
 
Trade: GC
Join Date: Nov 2009
Location: CA
Posts: 21,458
Rewards Points: 1,616

Re: Millenial Contractors


there are some very sharp younger guys out there.

imo, most of their issues is they are not used to, nor have any experience in dealing face to face with anyone.

text messaging, email and all the other tech stuff tends to eliminate the face to face experience.

many have a newer version of work ethic mainly being they physically don't need to be on the job because they have web cams, instant pictures thanks to cell phones and whatever the thing is where you can talk & see people live.

and trying to get someone on the phone....push this button for this etc etc etc.....just pick up the dam phone & talk to me....
__________________
SOME JOBS JUST AREN'T WORTH DOING:
griz is online now  
The Following 4 Users Say Thank You to griz For This Useful Post:
Bainbridge (01-08-2019), hdavis (01-02-2019), pinwheel (01-05-2019), SmallTownGuy (01-05-2019)
Old 01-02-2019, 03:00 PM   #36
Pro
 
cwatbay's Avatar
 
Trade: Electrical Contractor
Join Date: Mar 2010
Location: San Carlos, California
Posts: 1,385
Rewards Points: 2,424

Re: Millenial Contractors


Quote:
Originally Posted by griz View Post
and trying to get someone on the phone....push this button for this etc etc etc.....just pick up the dam phone & talk to me....
I like that "just talk to me" part. Recently we decided to try Bill.com. As a way for our clients to go online and pay their invoices. To make a long story short: it was just too difficult to scroll through their menus and set up our account. We only want clients to pay us, not do all our billing, invoices and other accounting duties through them. Well.....they want you to do all that other stuff with them. Frankly I use Quickbooks on line for all the other stuff, and, now I have set it up for online bill pay too.

When trying to talk to anyone at Bill.com, you just can't. Not possible. You either send them emails or try an get into a chat, but you cannot talk to a real person. They seem to be able to call me all hours of the day and night with a message to call them back. Yeah.......right.
cwatbay is offline  
Old 01-04-2019, 11:52 PM   #37
Pro
 
Texas Wax's Avatar
 
Trade: Executor of special operations
Join Date: Jan 2012
Location: DFW
Posts: 3,818
Rewards Points: 1,550

Re: Millenial Contractors


Quote:
Originally Posted by Barnesy View Post
I'd say this is an excellent use of technology. It's efficient, and the subs only have to follow very easy instructions to get paid quickly. Very impressive!
Nope it's a formulated one system fits all web based nonsense. They are using it because of the 'Cool'; geek factor, not as the proper application of modules or complements within it. That's set up for somewhat full commercial, not residential and certainly not small jobs, standards of invoicing. I call it the bright sparkly tech syndrome.
__________________
...as the page loads, so go the days of our lives, at CT
Texas Wax is offline  
The Following 2 Users Say Thank You to Texas Wax For This Useful Post:
cwatbay (01-05-2019), hdavis (01-05-2019)
Old 01-05-2019, 12:01 AM   #38
The Sheriff

 
Jaws's Avatar
 
Trade: GC
Join Date: Dec 2010
Location: Texas
Posts: 22,972
Rewards Points: 3,920

Re: Millenial Contractors


Allan is probably in his 60s..... been building 40 years. Now he just does multi million dollar stuff.
Quote:
Originally Posted by Texas Wax View Post
Nope it's a formulated one system fits all web based nonsense. They are using it because of the 'Cool'; geek factor, not as the proper application of modules or complements within it. That's set up for somewhat full commercial, not residential and certainly not small jobs, standards of invoicing. I call it the bright sparkly tech syndrome.
Sent from my SM-N920V using Tapatalk
__________________
"The sound of the saftey clicking off is the only warning your gonna get......., so cover your ears" Northeast Wyoming 2016

John
Jaws is online now  
The Following User Says Thank You to Jaws For This Useful Post:
Bainbridge (01-08-2019)
Old 01-05-2019, 01:22 PM   #39
Pro
 
Texas Wax's Avatar
 
Trade: Executor of special operations
Join Date: Jan 2012
Location: DFW
Posts: 3,818
Rewards Points: 1,550

Re: Millenial Contractors


Quote:
Originally Posted by Jaws View Post
Allan is probably in his 60s..... been building 40 years. Now he just does multi million dollar stuff.

Sent from my SM-N920V using Tapatalk
No offense but HUH?

Quote:
We have a relationship with a couple of young guys who are running a GC business. One guy is the contractor and the other is a co-founder. The contractor is the CEO, the other guy is the CTO (chief technology officer).
I was speaking to these two in the quote and their "online system". Not, I assume you mean cwatbay as Allen.
__________________
...as the page loads, so go the days of our lives, at CT
Texas Wax is offline  
Old 01-05-2019, 01:37 PM   #40
Pro
 
cwatbay's Avatar
 
Trade: Electrical Contractor
Join Date: Mar 2010
Location: San Carlos, California
Posts: 1,385
Rewards Points: 2,424

Re: Millenial Contractors


Quote:
Originally Posted by Texas Wax View Post
No offense but HUH?



I was speaking to these two in the quote and their "online system". Not, I assume you mean cwatbay as Allen.
Nope, cwatbay is not Allen. I don't know who allen is, but obviously he is a builder in his 60's who has been doing business for 40 years.

I've been in my current business since around 1996, so only 23 years.

Advertisement

cwatbay is offline  
The Following User Says Thank You to cwatbay For This Useful Post:
tgeb (01-05-2019)


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


Similar Threads
Thread Thread Starter Forum Replies Last Post
unlimited low voltage contractors license in Florida & GA looking to qualify company wayne324 Help Wanted or Looking For Work 5 01-03-2015 03:31 PM
Why most contractors continue to lose business to do-it-yourself market! duckdown Marketing & Sales 23 04-16-2011 06:11 PM
General Contractors Don't Know There Head From There.... icntdrv Business 6 04-09-2009 08:30 AM

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?