lutonlagerlout wrote:got a couple of 70k+ jobs in the pipeline if we get them it will see us to xmas :;):
LLL
It's all very well having £50k+ jobs in the pipeline/to do but how confident at the outset are you that you'll be paid in full and in a timely manner at the end of the job?
That's the million dollar question these days. £20k jobs and we're jumpy!
RW Gale Ltd - Civils & Surfacing Contractors based in Somerset
lutonlagerlout wrote:got a couple of 70k+ jobs in the pipeline if we get them it will see us to xmas :;):
LLL
It's all very well having £50k+ jobs in the pipeline/to do but how confident at the outset are you that you'll be paid in full and in a timely manner at the end of the job?
That's the million dollar question these days. £20k jobs and we're jumpy!
stage payments dave, if we get to dpc and no money is forthcoming we will be off
like i say they are in the pipeline,which means we are quoting against other builders in similar circumstances
problem with most tarmac jobs. is cash on completion
LLL
Yeah, payment on practical completion - and we're more often than not the last trade on site and with the money gone from the pot, the last to be paid.
We suffered badly during the last recession from bad/failed payers to the tune of many figures [we are still paying for it to this very day] so we take a hard line with this these days.
Once bitten twice shy.
RW Gale Ltd - Civils & Surfacing Contractors based in Somerset
Slickboy. Yup. Public spending will fix the recession and prevent another 1930's style depression and the next generation can pay for it all......
Public spending and the resultant mis-allocation of capital prolongs a recession. Failing industries and businesses MUST be allowed to fail. It's the freeing of these resources that enables healthy, new, competitive, useful industries to thrive. Bailing out failing industries is a purely political act intended to secure election votes for politicians and has absolutely nothing to do with a healthy economy.
I understand that it is very traumatic to loose one's job (it's happened to me too) but if we were to try and spend our way out of every recession and bail out every failing industry we'd still be weaving fabric by hand....
This recession has essentially been caused but the massive reduction in the money supply (OK credit supply), caused by the huge contraction in credit being made available by the world's banks. The very fact that credit was made so freely available created the mal-investment (think housing bubbles, 4x4's and bling) that has created this (and all other perhaps?) recession in the first place.
I know this really isn't the place to discuss this type of thing but I really recommend the Schiff video and if you have the time watch the Petrov lectures.
The free market is not at fault..the meddling with it's normal operation is.
