I miss Anjdog

[Don Rickles]

Stop it!

[ratflinger]

I'll start

[mtnman]

Maybe if you learn to aim better?:leaving:

[Onebadcad]

Who??

[Allan]

Just comment on how great the National Champions THE OSU Buckeyes are and he'll be here within the hour . . . and so will Higgy :yesnod:

[Anjdog2003]

Stop it!




Bro you need to get laid, you have way to much time on your hand.

[Don Rickles]

Bro you need to get laid, you have way to much time on your hand.

Wrote a 45,500 kitchen job this morning the other two leads didn’t bite…

I’ll net 9k for the day! Not bad huh?

[The_Dude]

Bro you need to get laid, you have way to much time on your hand.
*too
*hands

[mtnman]

*hands

You don't know that :leaving:

[The_Dude]

You don't know that :leaving:

You're right. The correction could have been *jizz

[mtnman]

You're right. The correction could have been *jizz

:lol::lol:

[Anjdog2003]

Wrote a 45,500 kitchen job this morning the other two leads didn’t bite…

I’ll net 9k for the day! Not bad huh?





As much as you posted today you didn't have time to take a full dump

[Don Rickles]

As much as you posted today you didn't have time to take a full dump

You want on the list too?

Mind your bis

And its quality over quantity

[LATB]

Wrote a 45,500 kitchen job this morning the other two leads didn’t bite…

I’ll net 9k for the day! Not bad huh?

What does the 45.5K include?

[Don Rickles]

What does the 45.5K include?

Complete kitchen remodel. "Gut and Scoop". Less appliances, but includes 2 windows and an exterior door. Solid wood cabinets, granite tops and sink, tile backsplash relocate appliances, vinyl tile flooring, paint, trim, lighting, electrical and plumbing.

It will cost us about 22k

[Anjdog2003]

*too
*hands





Most people here don't like you. :yesnod:

[mtnman]

Most people here don't like you. :yesnod:

https://forgifs.com/gallery/d/132743-2/Boobslap.gif

:faint:

[LATB]

Complete kitchen remodel. "Gut and Scoop". Less appliances, but includes 2 windows and an exterior door. Solid wood cabinets, granite tops and sink, tile backsplash relocate appliances, vinyl tile flooring, paint, trim, lighting, electrical and plumbing.

It will cost us about 22k

Must be small.

45-22=23. I thought you were making 9K?

[Don Rickles]

Must be small.

45-22=23. I thought you were making 9K?

Yes, typical row home. This ones a galley style cabinet runs on opposite walls.

45-16% (merchant fees)-14% house vig-cost of work, X split.

[LATB]

Yes, typical row home. This ones a galley style cabinet runs on opposite walls.

45-16% (merchant fees)-14% house vig-cost of work, X split.

How about simple line item math instead of that gibberish.

[Don Rickles]

How about simple line item math instead of that gibberish.

Final installation cost normally come in higher then my first estimate, without a change to the customer.

[Don Rickles]

Where’s the 9K? And what does each number represent?

Not 9, after the merchant fees came back so high.....

[LATB]

Not 9, after the merchant fees came back so high.....

What are merchant fees?

[Don Rickles]

What are merchant fees?

Can you delete the quotes post 22? I'll take down my numbers part Im talking just to you, please

Merchant fees are charges by the lenders or broker. They vary with the customer....higher risk higher fees. But I can't predict them only try to guess....

[LATB]

Can you delete the quotes post 22? I'll take down my numbers part Im talking just to you, please

Merchant fees are charges by the lenders or broker. They vary with the customer....higher risk higher fees. But I can't predict them only try to guess....

I don’t know how y’all do contracting but none of that chit makes sense to me. It’s like you are purposely making it complicated so you can dink the customer. :Jeff '79:

Yeah I’ll remove the post #22.

[Don Rickles]

I don’t know how y’all do contracting but none of that chit makes sense to me. It’s like you are purposely making it complicated so you can dink the customer. :Jeff '79:

Yeah I’ll remove the post #22.
:seasix:
No, no, not at all. The customer receives nothing but high quality products and installation. We have contracted with great suppliers and the mechanics are all in house. A team working together for decades.

The part you see as complicated might be how a job is broken down. There are several variables, mainly the customers ability to pay. Cash jobs break down one way, while a financed job another. Factors such as fees are not caused by us it's the lenders. A perfect credit score would have very little in fees, the poor credit has a higher fee. You're not allowed to go back to a customer and raise your price to make up for these fees, so an average ends up as a result annually.

Does that make any sense?

Oh, there's always the "House Vig/Fee" that comes off dollars collected. This % varies too! :D

[LATB]

:seasix:
No, no, not at all. The customer receives nothing but high quality products and installation. We have contracted with great suppliers and the mechanics are all in house. A team working together for decades.

The part you see as complicated might be how a job is broken down. There are several variables, mainly the customers ability to pay. Cash jobs break down one way, while a financed job another. Factors such as fees are not caused by us it's the lenders. A perfect credit score would have very little in fees, the poor credit has a higher fee. You're not allowed to go back to a customer and raise your price to make up for these fees, so an average ends up as a result annually.

Does that make any sense?

Oh, there's always the "House Vig/Fee" that comes off dollars collected. This % varies too! :D

Makes more sense now.
Still complicated.
I would never get involved with merchants and financing and all that.

So you are selling the job and the merchant like HomeDepot is supplying the materials and the labor. And financing the project?

[dvarapala]

You want on the list too?


Pipe down UD Junior. :rolleyes:

[Bill]

:seasix:
No, no, not at all. The customer receives nothing but high quality products and installation. We have contracted with great suppliers and the mechanics are all in house. A team working together for decades.

The part you see as complicated might be how a job is broken down. There are several variables, mainly the customers ability to pay. Cash jobs break down one way, while a financed job another. Factors such as fees are not caused by us it's the lenders. A perfect credit score would have very little in fees, the poor credit has a higher fee. You're not allowed to go back to a customer and raise your price to make up for these fees, so an average ends up as a result annually.

Does that make any sense?

Oh, there's always the "House Vig/Fee" that comes off dollars collected. This % varies too! :D

This all sounds like a car deal. You hook up buyers with lenders as part of your service? You have a buy rate from the lender and then add points to make extra money on the deal?

Or are YOU borrowing the money to float the job, then getting paid by the customer, then paying off the construction loan when the customer pays you?

I had some repairs done recently. When I hire a contractor, I get the total price, and usually offer to buy the materials, so they're already landed on site and my contractor isn't having to finance the job. If the job is less than a week, balance upon completion, 10% holdback if there's a punch list, paid when it's all fixed, and if it goes longer than a week, I'll offer a draw at the end of the week. I think that's fair to everyone.

[Don Rickles]

This all sounds like a car deal. You hook up buyers with lenders as part of your service?Yes You have a buy rate from the lender and then add points to make extra money on the deal?
No
Or are YOU borrowing the money to float the job, then getting paid by the customer, then paying off the construction loan when the customer pays you?
No
I had some repairs done recently. When I hire a contractor, I get the total price, and usually offer to buy the materials (no working with cus materials we make a small handling fee and or profit on materials our suppliers), so they're already landed on site and my contractor isn't having to finance the job. If the job is less than a week, balance upon completion, 10% holdback if there's a punch list, paid when it's all fixed, and if it goes longer than a week, I'll offer a draw at the end of the week. I think that's fair to everyone.

Cash job= 50% down 40% halfway 10% on completion Then the salesman's breakdown).

A financed job the customer opens the loan with a certain lender all according to their profile or scores. These lenders, just like a credit card companies charge a merchant fee to us. These fees percentages vary against the customers abilities. We get them approved then install the job, no money down. When the job's done the lenders contact the customer to verify satisfaction and completeness. We then collect less the fees, the customers monthly starts in about a month. Most customers today are getting 11.9% range, PA has usury laws that limit these rates. Does this help?

[mrvette]

Back some 40 years ago I had no issues with bidding on jobs from a local/sizeable hardware chain called Hechingers in he Wash DC region.....handed out my card as a possible installer for kitchens/baths......

and so I would bid on the jobs and then ask for a check for 1-200 bux as a time note on my calendar as marked in front of the customer right there.....

since it was a typical 2-4 week or more lead time on my work load.....cabinets delivered on weekend before my Monday start up on tear down....

after 1st week, cabinets were usually installed and tops in....trim work maybe not....and so mostly paid off....

NICE part was taking early checks from customers to their banks and presenting for cash....covered all the overhead/outlays from my pockets....

[slewfoot]

Wrote a 45,500 kitchen job this morning the other two leads didn’t bite…

I’ll net 9k for the day! Not bad huh?

:yaddy:




:rofl:

[Bill]

Cash job= 50% down 40% halfway 10% on completion Then the salesman's breakdown).

A financed job the customer opens the loan with a certain lender all according to their profile or scores. These lenders, just like a credit card companies charge a merchant fee to us. These fees percentages vary against the customers abilities. We get them approved then install the job, no money down. When the job's done the lenders contact the customer to verify satisfaction and completeness. We then collect less the fees, the customers monthly starts in about a month. Most customers today are getting 11.9% range, PA has usury laws that limit these rates. Does this help?

I got a bid from a contractor that asked for half down before even showing up. I told him I don't really work that way, but I do buy all the materials, I'd go with him to pay for all of it, or he could just direct me to where I needed to go. He seemed like he was amenable to that, gave me the bid, I was OK with the bid, so we were down to brass tacks, he wanted me to sign a contract AND pay up front for the difference between material cost and half the agreed price.

Uh, no? If it's a lack of trust, I can come each afternoon and pay an agreed amount price for the crew labor. Nope. Not acceptable.

So we parted ways, we couldn't come to an agreement. I wasn't mad, I just had that hair raising on the back of my head that something was wrong, that my down payment would be used to fund other jobs in a Ponzi style scheme. Maybe that's not actually true. I do know nobody we work for would consider paying for our services before we performed them. Unheard of.

[Don Rickles]

I got a bid from a contractor that asked for half down before even showing up. I told him I don't really work that way, but I do buy all the materials, I'd go with him to pay for all of it, or he could just direct me to where I needed to go. He seemed like he was amenable to that, gave me the bid, I was OK with the bid, so we were down to brass tacks, he wanted me to sign a contract AND pay up front for the difference between material cost and half the agreed price.

Uh, no? If it's a lack of trust, I can come each afternoon and pay an agreed amount price for the crew labor. Nope. Not acceptable.

So we parted ways, we couldn't come to an agreement. I wasn't mad, I just had that hair raising on the back of my head that something was wrong, that my down payment would be used to fund other jobs in a Ponzi style scheme. Maybe that's not actually true. I do know nobody we work for would consider paying for our services before we performed them. Unheard of.

As I posted only on cash jobs do we require a down payment or deposit.

We as the GC need to be protected as much or more so than the customer! Too many times have we learned the hard way. People suck mostly. Everyone is quick to complain but rarely praise. We’re a 5 Star reviewed company yup we are experts! The Burro might have to swallow some gum…Rickles is and has been called upon for his knowledge and experience….