i have a bunch of great builders....but im always looking for more
i send fliers out to all the builders in the area, so i get opportunities for new builders several time a year....its almost always the small/little guys...the ones you never really heard of that cause payment issues...
i go through this 1-2x a year....i always win, but it takes a while to move the process...
i did 3 projects for this guy because he had them all lined up ...every week a new project, so i had 3 projects done before payment on project 1 was due....he asked me to do a 4th project, but that was after he had been late to pay, so i said no thanks...he seemed angry
i also had another new builder a few weeks ago....sounded similar, so i passed on the job after doing a check on some of his other subs...they all said he was a slow payer
at some point every builder is a new builder and you have to take a chance on them being a good payer or a bad one....i am getting fussier
i now have a discussion of payment and past payment issues before taking on any new builder(gc)....the payment problem with new builders is like 33-50% bad over the past 2 years.....sometimes i think i already have all the good paying builders as customers...