[TheForge] RE: Question...

Wed Nov 5 07:20:01 2003

Steve is correct.

For large projects I actually provide a rate sheet.

It lists rates for design meetings, shop time, installation time, delivery, mark up rates for material and payment schedules.

My typical payment schedule for large railing projects:

First meeting and proposal is free. Additional design reviews are all billable until the deposit is received.

50% Deposit to start work
25% Progress payment when all material is on hand or fabricated
25% when installed

And even with this process you can still get burned, I can tell you that first hand.

Ray Miller
Cincinnati

> 
> From: Steve Smith <[email protected]>
> Date: 2003/11/05 Wed AM 07:07:46 EST
> To: [email protected]
> Subject: Re: [TheForge] RE: Question...
> 
> This sure sounds strange. I'm pretty sure I wouldn't want to live in a 
> community of other electrical engineers. Just make sure you get paid 
> when you do the work, don't get talked waiting for a percentage when the 
> house sells!
> 
> Sounding weird (and possibly too good to be true) also makes me think 
> you should be careful about deposits and have payment spread through the 
> work cycle (rather than all at the end). Charge separately for design, 
> for instance, partial at work begin, etc. That way you're covered if 
> something falls through.
> 
> Steve Smith
> 
> 
> Andrew Vida wrote:
> > What happened at our short business lunch:
> > 
> > We met and what I found out was that this will be a LAWYERS' COMMUNITY.
> > Not sure if houses or condos or both, but it is a relatively small build,
> > meaning high $$.  Also, my associates suspect the developer will want us
> > to do the iron design, though this is not yet established.  All we know is
> > that they have expressed the desire for a "lawyerly" look.
> >  The other thing I was told that it may be a shoe-in due to the connection
> > between one of my associates and the developer, who runs the show soup to
> > nuts (RE, finance, GC, etc.)  If this is so, that would be great, but I
> > will believe it when I see signed contracts and a sizable upfront check in
> > my hot little hands.
> >  Not to get ahead of myself, but if this becomes reality, there will have
> > to be some changes to their shop.  They are fabricators.  Well equipped 
> > with ironworkers, hydraulic presses, cold saws, shears, etc. but nothing
> > specifically oriented to hot hammer work.  Gas forges and other basics
> > will have to be had.  At some point I would like to ask you folks for
> > recommendations.  I do recall that wailin' gas forge they had at Asheville
> > for the demos of the 300# Chambersburg.  Anyone recall who made them and
> > whether they are still in business?
> >  I have a new question due to the design wrinkle that I've not come up
> > against before.  If WE are commissioned to do the design work, how does 
> > one do a cost estimate?  There's a wailing big difference between 
> > $100/ft fencing and $1K/foot ornamental ironwork.  We run into a 
> > chicken-or-the-egg situation here.
> > 
> > While I can think of several ways this might be done, I consider deciding
> > this by myself to be as wise as being my own lawyer or brain surgeon, so
> > I would solicit your help on this when the time comes.
> >  If this turns out to be half as good as it sounds, it should be a very
> > cool
> > project.
> >  -Andy
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