Dear YouDig? Shocked - Electric Contractor

Buckingham, Doolittle & Burroughs, LLC
Contact

Buckingham, Doolittle & Burroughs, LLC

Dear YouDig?

We are an electric subcontractor and for years we worked all over Ohio. We are happy to get the work but so often we can’t get paid. Seems like the little guy always gets stiffed. What are we doing wrong? – Shocked.

Dear Shocked,

You may be the best electrical contractor on earth, but unless you develop consistent and purposeful credit practices, you will often come up empty. Make it a priority to establish due diligence procedures and strong credit practices. Start with asking the right questions about everyone above you in the payment stream. What references are available? Has the general contractor verified financing? Do you have protection if owner fails (pay-when paid)… and Shocked, listen carefully: DON’T SIGN ANYTHING UNLESS YOU HAVE THE ANSWERS! In case you haven’t noticed in the rush to get a contract, every general contractor you are working with has a payment provision in the contract. READ IT! If it’s a “pay if paid” clause, beware; you may be vulnerable. It will never hurt you to improve your due diligence of the owner. If you don’t like what you see, adjust your bid accordingly.

Shocked, congrats on getting contracts. You deserve to get paid! To get yourself into the best position to get paid, you need to up your game, YouDig?

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Buckingham, Doolittle & Burroughs, LLC | Attorney Advertising

Written by:

Buckingham, Doolittle & Burroughs, LLC
Contact
more
less

Buckingham, Doolittle & Burroughs, LLC on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide

This website uses cookies to improve user experience, track anonymous site usage, store authorization tokens and permit sharing on social media networks. By continuing to browse this website you accept the use of cookies. Click here to read more about how we use cookies.