This actually came about as a better offer to me from a sub I was going to have do some intermittent overflow. Hes got more guys and work than drills and I have a drill that's idle. So the offer is percent of revenue and my overflow still gets handled. So it's good on paper,and you dont build trust by not trusting, but theres got to be some cash on the table for the trust buy in. FYI, this underground shit is by far the best job I ever had. I enjoy drilling, I love the math of locating, but I didnt expect how much the shovelwork would bring joy to my heart. It's like when I was a kid, but I get to dig holes wherever TF I want and my mom isnt telling at me for it
On Sat, Nov 12, 2022, 10:29 AM Chuck McCown via AF <[email protected]> wrote: > And there is always a 10% retainage. So when they return the equipment at > the end and everything they get the retainage after the customer pays it. > > *From:* Chuck McCown via AF > *Sent:* Saturday, November 12, 2022 9:15 AM > *To:* AnimalFarm Microwave Users Group > *Cc:* [email protected] > *Subject:* Re: [AFMUG] Escrow type holding > > Why not just a simple rental agreement with them putting the equipment on > their inland marine policy? > Sounds complicated. > > You would be better off being the prime, have the sub submit the invoices > to you and you to the customer. > Take your cut when the customer pays. I have done that before. I think I > took 15% and supplied the equipment. > > *From:* Steve Jones > *Sent:* Friday, November 11, 2022 8:01 PM > *To:* AnimalFarm Microwave Users Group > *Subject:* [AFMUG] Escrow type holding > > Any of you guys ever put your equipment up for lease on a percent of > revenue arrangement? > I was told when doing stuff like this that you can set up an escrow type > account to have the recipient put earnest money into against the revenues > to keep everybody honest. I cant touch the money unless they abscond with > the equipment or something of that nature > > ------------------------------ > -- > AF mailing list > [email protected] > http://af.afmug.com/mailman/listinfo/af_af.afmug.com > > ------------------------------ > -- > AF mailing list > [email protected] > http://af.afmug.com/mailman/listinfo/af_af.afmug.com > > -- > AF mailing list > [email protected] > http://af.afmug.com/mailman/listinfo/af_af.afmug.com >
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