Yeah, that was what I was thinking too. And actually, by not paying they are costing money, as jobs could be done for, you know, people that pay.

The customer is king, but if they are not paying, they are not a customer.

You can go broke staying in bed......

more like we can't afford to KEEP a customer like you

@Dion Martin Profit comes from those that hold to their contracts. The customer wasn't. It seems like a big loss but if you know your trade there is always more work to be done.

At least as presented.

Same here.

@@SH19922x 10 million or so a year is not a huge company. Especially with the overhead on a machine shop.

@@Scrapps97 Not small... that's for sure.

@@BlakeGibbons 10 mill ain't crap in when it comes to shops. They would still be considered small by comparative standards, albeit on the higher end of the small.

From experience, I can say very good advice 👍🏻

As far as getting paid, the trick is to understand the most important people at any company you sell to. And most businesses owners think it's the purchasing agent or the president. These people do matter, however it is in your best interest to "snuggle" up to the assistant of the person who signs the checks (as they can control what checks get moved into the pay stack) and the assistant to the major decision maker (they are more likely to feed you pertinent information). Another tidbit of information is this: Never let your ego control your actions when dealing with a client. Even if you know they are wrong. Offer in writing your suggestions and if you are still rejected on your proposal do the job their way but make sure you are paid on either time and materials or a not to exceed purchase order. You will end up being paid twice for the same job. BUT NEVER take credit for the resolution, allow someone at the customer's company to revel in glory because that person will come back to you time and time again. Don't forget this: Of course you should always provide services to the best of your, or your own companies abilities. However you are not in the Machine Shop business, you are in the business of collecting checks (or any other form of payment.)

@@tq6tq9 " you are in the business of collecting checks " I'll never forget the day I had a veteran machinist tell me something similar to that when I was new & green to my current trade. I could of easily gone down the machining route but decided differently when I heard that same veteran talking to another veteran, on lunch, say " I don't know why anybody in their right mind would want to become a machinist in today's age ". So many of my generation, and even some older ones, truly believe that they are working in a corporate company to " do what they LOVE ", I always try to be the voice of reason and repeat to them what was repeated to me " you are not here because you like to look at widgets all day for free, you're here to make a check "; they think I'm some money hungry dispendible nobody (I do get laid off often in these "unprecedented" times), but I know the Truth. I appreciate your comment, I'll remember it.

"I have so many "cringe worthy stories to share, but it would take up a bunch of threads..." Or maybe another YT channel to tell your story. 👍

@@tq6tq9 Trick to getting paid is not to hand over the goods without being paid if they refuse to pay on delivery you leave easy

Avoid Chinese or Indian company sure they have some good companies there but their laws are on their side and they can get away with not paying you.

I learned that the freedom to do business as you see fit is the most valuable thing.

Yep. Exactly what we do. Go over your credit terms, no more shipments until you pay.

Another thing I find interesting in today's age. Why would people lie about making payment? It takes less time to jump on your phone and check whether or not payment has been made. You can see a payment pending on your account almost instantly. I would add another thing to this as well and this is something I do. When it involves deposit checks, I won't order material until the deposit check clears and the customer will not be placed on the schedule until the deposit clears. To clarify, I am in the custom cabinet world, so we have a lot of different species of wood. Even if the customer orders a paint grade set ( standard material, always in stock), because I have been burned before, and it shan't happen again.

@@basillah7650 It doesnt matter, if theyre doing business in whatever country theyre doing business in, they have to abide by those laws, you cant sue someone because they arent abiding by your countries laws when they arent even in your country.

👏👏👏...You did the right thing. Women in power are damn 'bitches'.

💪🏽👏🏽👏🏽

@@terenceayer337 you should have stopped with the first sentence. We have all had male bosses that were "bitches" too.

You are good man! Hope your company keeps being successful. I bet it will.

@@terenceayer337 in my 45 years in manufacturing, the most ruthless bosses at several of the companies I worked at were females...I wish I never took those employment opportunities.

And this guy is only one company

After Jack left Jeff ran that company directly into the ground. They lied to the entire world in 08 when GE Healthcare and GE Green sponsored the ever living shit out of the Beijing summer Olympics, all while buying massive oil and gas companies.

My father's title was "Chief Senior Engineer" in the aerospace division of GE. In the forty years he was with the company he saw them go from yearly patents that totaled the next ten companies combined to being a mostly financials company. The company made a lot of money under Neutron Jack but he destroyed the legacy of the company.

I am german and sadly, what you say about GM sounds a damn lot like the german state at the moment, _including_ the anti-social payment morale. I know a lot of craftsmen who did extensive work for some state owned company, authoriy or even ministry and then often had to wait for months to get the payment that was agreed on or even had to fight for it in court, because the state tried to weasle out of the payments with the most threadbare excuses and accusations. Also, the german tax system works like that - you have to make a lot of payments _in advance,_ based on what the tax office _thinks_ you made. And in case you do not make those payments ASAP, you are in massive trouble and facing distraints, impoundments and even jail. And mind you, the estimations the german tax office is basing those payments on don't have to be accurate even by a longshot and you still have to pay. If they believe you made hundred thousand bucks profit, while you actually just made 10.000, then, well, tough luck. But when their calculations finally not only show that your advancement payments where way to high, but also that they owe you considerable tax returns, well _then_ it might take a year until you eventually see your money. And who cares if your company goes bankrupt in the meantime. Without getting any interest, of course, _this_ money just... vanishes.

I worked for one of those vendors. Generator ran into the ground, and almost took us with em.

Sounds like it was good & right for them to go broke.

Yep! I have sat in on meetings describing exactly what you posted!

yea I worked for one that would automatically slice 10% off of every invoice on contracted work.. and then tell the contractor to take him to court for the rest ..

@@borderreiver1806 what arseholes. What was the long term effect of this? I would say i will spread the word on his scamming others of money.

@@pebblepod30 The long term is that the contractors (that also speak to each other) simply add 20-30% to their offers for this specific company. It doesn't make sense at all except very short time cost savings.

If a business customer can't pay in 30 days I'm just gonna assume they're either insolvent or not trustworthy and not worth doing business with. No excuses. Private customer, I'll give a gentle reminder. Some people are disorganized but a business being disorganized is inexcusable.

I ran an auto shop for a while, ten staff three mechs plus myself. We were net ten on all repairs, we had several customers with large fleets, they all paid. Set your policy, work the policy and be accountable both ways. Then when they don't pay hold their shit. It's your materials and time did that for them.

Could you explain what net 30 means vs net 90?

@@boomchacle6717 Net 30 is for letting them pay the invoice in 30 days. Net 90 is for letting them pay the invoice in 90 days.

@@stephanbranczyk8306 Thanks. Yeah 60 extra days without payment seems like kind of a big deal

i like it when small companies stand up to big evil companies and win against them

I've been there.

And for what?… to maybe get a pat on the back from the higher ups?… that’s just crazy…

YEP. if client or vendor wants to renegotiate terms midstream..... up is as easy as down !

Okay, that's pretty awesome. A crime is a crime, and criminals need to face responsibility.

@@mbpm6135 pretty sure that was a breach of contract, not a criminal offence ;)

@@critical trodde inte man skulle hitta dig här :D

You fucking legend.

Lawyers are king in a court room, but they know nothing of business in most cases unless they specialize in contract law.

So, the story is about an american company trying to steal from another american company, and that somehow makes you feel proud to be an american. Can you tell us more about it?

A small business owner manipulating events to get a " slow paying " company to pay their damn bill DOES make me proud and happy!!! No matter what your contract requirements for timely payments, Government entities, large businesses, etc . will pay, for the most part, whenever they damn well please !! Their belief is that the smaller co. is willing to get screwed, payment wise, so they can have more of the scraps the bigger companies throw their way. It can, and does, destroy many small businesses. If you're waiting for final payment for 90+ days and you have employees, overhead, etc. biting at your heels, it's time to lien the job and even then, if it's a longer term project, molasses slow payments can break many sub contractors regardless of contractual obligations, they don't care about their subs the same way that we treat OUR subs !!! We know that timely payments are the lifeblood of smaller companies.

@@rincewind549 I belive this is not only american problem. It worldwide. The opurtunity to not pay is just to big. Sad how the world works just jungle law

@Karl with a K wow ur post is one of the most delusional things ive read on ytube.

@@rincewind549 My thought exactly. The big nasty American company with the lawyers and lobbyists. Time to waive the flags boys.

Happens all the time...let them go

Sure does lol

Similar situation, had a task end, I'd told the client a few times over the previous weeks that my task was ending, and my placement people hadn't put a new task in place. On the last day, I finished my awesome notes, left em on the desk, and went home. The next day I rewarded myself with some chill time at home. Just about lunch time I get a panic call from the client asking why I wasn't there, and I reminded them, my task ended. She politely said she understood, and sorry to bother me. 4 minutes later I get a frantic call from the placement people asking if I could please go to the site, and promised there would be a task order in my email before I walked on site. Turns out, every time I mentioned my task ending, she called them, and they assured her everything was fine. When they let me expire, she called them and said if I wasn't on task before she was done for the day, all of their other tasks would be cancelled.

It’s incredible these companies are trying this. Pure fuckin scumbags wow

Thats a pretty huge legal issue those idiots opened themselves up to. No wonder their legal department came down on them hard. Fascinating what people will try 🙄

Nice 👍 But I wouldn't blame the entire company for that, especially the big boys. They have surrogates and VPs and salespeople that deal with all that and they're usually motivated by keeping costs down and making money for the company so they can advance within it. It's absolutely the company's fault for allowing that culture to exist, but it's usually one guy trying to pull a fast one so he can look good at his next evaluation for promotion. Good job for hopefully fcking him out of that promotion 👍

@@keithsj10 dude it is a culture issue on a company. If one person is doing it they're all doing it in the company.

Yeah top stuff! Nice to hear when the relationship between employee and employer is one of mutual respect and goodwill as well

I have a customer who tried shouting in my ear on the phone, "Click". He called back and opened up with shouting "Click". This time his sweet wife calls and very politely asked about an error on their WO. Apparently suffix Jr had been attached to the name and was unnecessary, corrected in less then a minute. She's still an occasional customer but I don't see or hear from that husband of hers anymore.

@@warriorfire8103 I've had more than a few do that. Mostly its people on Marketplace I've blocked for getting silly and they have their spouse come out and buy something. I can always tell if its something that has been sitting for awhile then I get the two people in short notice messaging me. I have yet to have one admit to doing a sneak around on me blocking their spouse. What gets me is the real crazies. I'll never forget this woman who years ago, out of the blue told me she could 'kick my ass'. LOL who says something like that? Just a bizarre thing to say.

Why do you use a NIV?

@Karl with a K who pissed in your cheerios

It's the new norm today. Went from customer is always right to do what customer asks or they will use their "massive social media presence" to get everyone to boycott your product...

oh, I know many who would pad every quote, to cover carrying the invoice past terms... they would double or triple their prices. These projects would be hard to determine they were padded. Many of the fees were for trip charges or ambiguous labor. I do not do that, it just is not my personality. I would fire the client, get final settlement, and wish them a bon voyage.

Experience and life lessons. These are the things you take away.

Who’s the window company?

Sound business practice and common sense.

I'm reading all these stories of the little guys propping up these megacorps. The same process has played out in retail. Before Walmart, if a person dreamed of opening, say, a shoe store, with saving and help from friends and family one could. Those days are gone. Small retailers can't buy wholesale what Walmart retails at and this is all because we've allowed megacompanies that grew to monsterous proportions following deregulation starting in the 1980's to profit at obscene untaxed levels of wealth to the point that now a handful of individuals control the lives of millions of employees. Manufacturers were so deperate to have product in Walmart that they basically whored themselves out of business. The Walmart model seems to be to pit two manufactures, say for example Coke and Pepsi, against each other to drive product cost down which usually comes straight out of the manufacturer employees pocket by eliminating costly benefits like pensions, health insurance and raises. Meanwhile those smaller number three companies that couldn't compete (for our example we'll use RC cola) began disappearing from even competitors' shelves because the price differential made their product uncompetitive. This led to a lot of companies into moving their facilities to slave labor nations while simutaneously gutting our manufacturing ability and those living wage jobs that made America a strong middle class nation. Working at McDonalds in order to buy cheap foreign made crap at Walmart and working at Walmart to eat at McDonalds is not a sustainable economy. So as the worker class now depletes its generational wealth (inheiritances) paying down credit card balances, the capital drains one way and that's out of this country. You can thank the man and the party that vilified unions as being anti-competitive to win over voters who are incapable of understanding how an economy works. America once had a practical monopoly on manufacturing and manufacturing equipment in the world. I understood this early on in the 1980's when so, so many CNC manufacturers started hitting the auction block. Money means nothing as whoever controls capital manufacturing equipment controls the relative price. You can only sell equipment once, if you use the equipment to manufacture you have income for life. We can change all this overnight if we can vote knowledgable uncorrupted people into office. Both sides of the aisles of Congress are to blame for illegal immigration. The Democrats on humanitarian grounds with the hope of future voters (the children of illegal migrants born into this country) supporting their causes and the Republicans who are bought and sold by big labor-hungry industries like agriculture, meat packing and cookie cutter housing developers. Companies of certain sizes should have to "up" employee benefits each time they reach a certain employee level in order to offset the buying advantage a megacorp has over its smaller competitors. This will diversify wealth and see the re-emergenge of regional and even local businesses. I seriously doubt this will ever happen because the same megacorps are spending so much to spread misinformation to confuse voters for people to ever wake up and understand the root cause of this country's decline.

@@ricknoyb1613 This was all by design. It is the reason that our money has lost 98% of its value. It is the reason why we are over regulated. It is the reason that we are facing a sovereign debt crisis. Soon, they will take casj away and introduce the digital and the central bank digital currency and good bye constitution. Too many stupid sheep in North America that do not learn from history. People there is a difference between democrat and republican but they do not realize they are soldiers for the global ruling elite. It is all connected. In the end, people keep watching CNN, ABC and the other MSM thinking they are being told the truth while they are being herded like sheep for the slaughter. The World Economic Forum and Klaus Schwab said the people will own nothing and be happy. Get because they are getting ready to crash the system and bring everyone to their knees. Things will be three times worse than 2008.

Glad you grew some balls. Don't even let anyone take advantage of you.

It's like the hated you, geeze

@@TurboV8boi Some companies try to always save as much money and rob other companies for their own benefit, companies like this don’t last long.

What!!???

Which manufacturer was it?

@@Anonymous-qp4zf Don't like to name names. They are one of the biggest ones in electrical devices. You could say they are so big that if they were in the army they have the highest rank.

That's the goal of globalism. When one group is getting shafted and decides to say fuck it and either protest or just forget about the whole world will have to stop what they're doing and focus on who isn't producing the agreed upon bullshit. Just like rich blaming illegals for stealing your jobs but being the ones who actively change legislation to import them so they can take advantage of them and pay them less. The whole point is to force people to interact to the point of one person doesn't tow the line they can blame that person and the world must collectively punish them together because everyone is equally affected. That's what they push globalism for. To blame the world's problems on the first little guy who doesn't like it and decides not to participate. If you do t participate in the big picture apparrently something is wrong with you. A country wants to be isolationist? Must need some invading. One guy wants to live alone in the woods? Must be a terrorist. This is goal of globalism. Get everyone trapped in a situation they have no choice but to do or punish others who don't.

@@Hcaz1113 Nah. It's just greed and hunger for power. No need for globalism. It's a story that's been duplicated since the dawn of economics.

@@farmergiles1065 I'm not saying that's the case here but that is the case for anyone who think one planet one people one country shit wanna push. Force everyone to participate via terrorism basically.

If your doing your job right you just contact the fabricators directly. You'd soon find out the truth.

this is a world wide problem sadly,

This is somewhat what's happening at the last job I worked at. Fortune 500 company that paid a ton of money, they also want us as an MSP doing easy work so it's effectively passive revenue. Thing is, there is very little support for the MSP feature and would require a ton of development that ultimately we wouldn't own; they own the code while the best we can do is get a perpetual license. So we are doing a ton of work for them on a weekly basis already, then we'll be doing work on a frequent basis afterwards, and everything we create during that time period relevant to them is effectively what they own. This is on top of being on support for their internal team to go through the code (honestly I created, tested, and documented 99%+ of the code and that number is not an exaggeration so it's a sore spot for me) so there's nothing really stopping them from cutting us off later once their own guys milk the company for all it's worth. The higher-ups I worked with from my last company pretty much made it obvious that we're more than willing to bend over at their behest so I can only see it going south (we've already done some things out of scope and are honestly putting in more work than we should be for the expected project timeline in order to get things done on time. But we don't want to get them annoyed so we just shoulder on the work, a good chunk of which fell onto me 😭). I left for a few reasons, being overworked and feeling frustrated with how we're being dominated by a client (even if it's a fortune 500, we've set the precedent that we can only grovel at their mercy) definitely played a factor though. The company's actions as a whole are just so heavily influenced by the CEO's greed and the culture to "win, win, win" that it doesn't feel like the company is willing as a whole to take a hit in order for a more sustainable long-term future. So disappointing because there were some cool folks and I actually got along with everyone, it was definitely bittersweet to leave.

@@yerpderp6800 Only way to address this issue is they a debugging/modding clause in the contract. You can either lay claim to ownership of that code or you can charge them a fee for your time/work. You can also charge them per hour for support. They may not accept it, but you can try.

Shonky

Eh, at least the higher ups in the company did you right. Still not fun BUT.

Yea I’m sure that happened. 😂😂

@@anthony5227 its funny that you think everyone else like yourself is a loser irl and has no life stories

@@anthony5227 You clearly don't seem to have any real world experience in manufacturing/business.

@@anthony5227 tell me you've never worked anything more than minimum wage fast food jobs without telling me

@@deusvult6920 😂😂😂😂😂😂😂😂😂😂 yes you’re correct. Tell me you’re expressing your personal sadness and insecurities without telling me.

Tale as old as time. Sometimes the kids fail to learn valuable lessons about business management from the parents. I suspect there's a local car dealership chain that's going to go through that same process if the grandchildren of the founder don't get their sh*t together. Time will tell, as they only took control a couple years ago. But they were employing every shady tactic possible when I worked for them.

Moral of the story don't hand down your company to brats

@@bradknightable Moral is to cultivate your children to be the people you want to have in charge of your legacy. Being the big man of the house and not being a father will make crap children.

BAM did the same, not paying, in Europe and got away with it. So did a big windmill farm tycoon. 2 big local family companies who were good to their employees were taken out that way because they could not stand up to these super big global companies.

Your story, sadly happens more times than not ! Especially when the offspring's hearts are not all in ! Even in the small town I live in, we locals have watched more than one established business fold, either from the younger adults (?) over spending, Drug use, or any manner of both, ruin what had been well respected, years old, Family businesses ! The same is true once parents die, and leave property to their kids. They may occupy the property for a short time, then it becomes a rental, and the decline begins ! As they say, " The Rest is History " ! Sad but True !

Yep, that is why unless it is written and signed on you get what is designed. If you want specific changes then sign a new contract and make new calculation. Sadly the big corporation rely on their power to intimidate and pressure the small companies into skipping these steps. Also if you want a clause about late delivery/finish, then I add a clause about changing you mind and cancelling the contract midway. Example - last month the company my mother works for was in talks for a very big order - like half a mil, but the client wanted a clause that if they don't deliver on time the price will be reduced in half. The company damn nearly signed the contract, but I managed to talk them into waiting and offering additional conditions - if the client cancels the order within 3 months of the work starting, then they will still owe half of the price and any changes to the design would require recalculations of the time and price. The client threatened they will go to someone else, but good for my mother's boss, he decided to stay firm and they left. 3 days ago the client came back begging to sign the revised contract - all other companies would simply tell them no even without offering revisions first.

proudly moral thief i see

I guess their accountant didn't get paid on time either!

@@mouserr I figured I would make them wait as long as they made me wait.......oh, and they never asked so I thought it was a tip or compensation for not paying me on time per our agreement.......consider it an out of court settlement.

@@sittingindetroit9204 it was asshole tax.

That.Was.AWESOME!!!

Anyone who actively destroys businesses to buy them cheap deserves the death penalty. But "laws" only defend people who "contribute" to society. Hence why "job providers" get to avoid taxes and are praised as heaven sent kings who provide for their peasants. Fucking bullshit.

@@Hcaz1113 Sears used to be one of those buzzards. I worked for a die shop that built a lot of dies for can companies. Back in the '70s, our biggest can customer wanted us to only build dies for them, The owner of the company said thanks, but I will never put all my eggs in one basket.

Yeah companies like Amazon

@@drew8642 amazon is doing something more sinister. They are choking the local small businesses ecosystem. Corporate America has zero over site and zero accountability.

@@drew8642 They love to go to for "Cheap S_it" place like China that they pay 1/10 of what they pay us. All American company love cheap struff from CCP.

It always goes that way..what a shame.

I back YOU.

when it is time to pull deal with losers put on the cowboy logic that Michael martin murphy sing about. you have 3 cowboys sitting in a pick-up which one was the cowboy it was the millionaire in the middle

Be like Ill sell them OEM on amazon !

@@npcwill283 you got the product take the money and let the big boy baby cry away a river of tears they did not play nice in the business sand box. read it and weep tears in your high price business suits from the high priced Ar-man-i clothes or maybe the aesop's fable of the a blonde hair trumpster who.thinks he is a royal monarch and he ain't. he may be king of the faulty towers but the trumpster was impeached twice and voted out of office by such a small margin that he thought he could force his vice president mike pence to trow the election closer to the loser trumpster. i salute mike pence for doing the right stuff and saying he had no authority to play the games trumpster and his junior and his now jewish blondster ivanka a copy of the faithless father and ex wife ivana. trumpster make american great again by playing with biden angcat and mouse player rutin tutin pollutin putin. that russian game called russian roulette with live ammo in alex balwins revolver that mis fires and kills and maims innocent bystanders

@@mrwaterschoot5617 . youve sniffed way too much glue.

That is so 100% true.....when I was retrenched at age 60 I had to look for another job to obtain Social benefits and managed to get a part time 5 hours a week job with a welder and eventually worked 5 hours a day 5 days a week for him......he was subcontracting to a large company, about 80% of his work load, and long story short after I retired one day they told him the contract was finished as they were going off shore.........a year later he closed up shop and went courier driving.

"And those new customers will want the same discount you do, no thanks"

@@Teh_Random_Canadian Exactly. My other response is, "You'll be able to tell people you were smart enough to buy my services, making your reputation soar. That premium exactly offsets the premium you're telling me I will get from being lucky enough to be my customer. Can we stop playing fantasy accounting and get this done?"

My reply: Do I look like a f-ing actor? I don't work for exposure.

So you got your MBA?

*lose

MBA's don't create value. Never have. Of the many many people I've been involved in hiring, I've never had an MBA give me a good reason for why they went to get an MBA - a piece of paper being a piss poor reason. I have a technical degree and ... I did go to graduate business school. The best way to learn about business is to run one.

That sounds like MBA logic... more like someone you cant afford to lose should not be allowed to keep you in that position, always have a backup plan. Everyone may be replaceable, but at what cost?

And now we're so desperate for employees we hire people who show up.

Fuuuuckk i would love to hear about your story

Damn that's deep, thanks for that morsel.

I read that Walmart is notorious for this. They start to buy from a small manufacturer, and then Walmart becomes the biggest customer composing 60+% of their business. They then require a cost cutting of 3% per year. Initially that is pretty easy, but it gets more difficult each year. Eventually, this forces a business to take production offshore, and if they can't keep going, they go under. And Walmart doesn't give a crap about that, and just moves on to another supplier and the cycle starts again. While I heard this specifically about Walmart, I can't imagine they are the only ones doing this.

​@@JeffFine Exactly! Friends of mine had a plant nursery business and to meet demands of both Walmart and Lowes, they expanded their operation only to face "contract re-negotiation" that put them out of business. "Big box stores" regularly practice bait and switch tactics.

Simple but too many egos out there. People love to complicate their lives.

Please tell me you said, the quote is higher now lol

I worked for a guy like that once. He tried to be the cheapest in town which meant he was always broke and all his customers were cheapskates who whined and cried about money all the time. I didn't work there long, thank goodness.

I call it circling the plughole.

Any reason for converting into cashiers check instead of depositing it directly? Stop payment works in both scenario the same?

@@kevinvvn cashiers check when drawn has to be covered by cash.

@@kevinvvn In NY there is no stop payment put in place readily. Also since the money was in their account the conversion to a cashier's check meant instant protection for me. If I had allowed my bank to process the original check it allowed tine for someone else to remove funds from the account the debtors check was drawn on. I learned in previous situations to take control and do it quick.

@@retiredlogman makes sense. Thanx for explaining. Things like this, I can remember forever. Its very smart and instant way, and i would never have known.

@@retiredlogman did you have a metal distribution business? if so how are things going for you now?

I have a policy to NEVER work on sizeable jobs on a word or a handshake. You have to know how to interpret a contract, and to negotiate the terms of such a contract... send back theirs with markups for all the garbage that is not necessary to the project, only there to give one party and escape hatch, and compel you to eat their mistakes. There is needed content in a contract, and requirements to meet codes or standards, timeliness and such. If you do progress billing, be wary of allowing the work to get ahead of the contracted pay schedule. etc etc I love contracts and leases. They provide structure and set who is responsible for what. It keeps uninterested parties from butting into the progress of the work. And, every item in a contract must have a clear REMEDY for failure of the party in violation. Without specific remedies, there is no use of a contract.

So any resolution?

@@acssination8541 not yet but we got informed that it wont take more than 6 months from now to actually have the final results.

​@@ArisHDi update us when its finished.

that is incorrect, sometimes profit is your only goal - it depends on where the company is at the time. sometimes "maintaining the business ecosystem" is more important than immediate/short-term profit but sometimes it is not.

@@rockstrong4342 After 40 years in business, including owning one, I respectfully disagree. Even in the most dire circumstances, there is always more than profit to consider.

@@twm4259 If you are squeezing every drop of profit you can before closing the business forever/before you die then the future is irrelevant. Sometimes that is the logical business plan.

Never been there so I can’t be sure what I would do. I know that the big company that is the subject of the video was not in that situation nor have any of three companies I have worked for.

@@rockstrong4342 Sounds more like you're waging war than securing a livelihood.

You could try to obtain personal guarantees when extending credit. Can also just have them pay in advance if they won’t sign a personal guarantee.

You do realize that “redlining” is part of contract negotiation? It means that you revise the contract and remove the clauses you don’t like, and then send it back. Usually this means that they want to work with you and are willing to come to terms. Any contract starts with some extremes, and they can be written out. This is normal business practice. You should seriously reconsider.

@@TheSteelerider Just because it is common does not mean it is ethical. Only a hardcore S___head would sneak an underhanded clause like that. It is beyond reasonable about what they shook hands on. I can see redlining certain unclear or misunderstood details but they were attempting theft.

Exactly.

Absolutely. Walmart had a reputation for years (if they still don't) for agreeing to buy X number of product for a year IF they could produce a hellava lot more so they could supply multiple stores and distribution centers. The small AMERICAN company agreed, spent money expanding operations and met the quotas, eliminating most other customers because of the size and demands of Walmart. After a year, Walmart came calling, asking for a mere ten percent cut in price... for the customers... in order to sign another year contract. The small AMERICAN business, backed into a corner now, really had no choice because they spent the money expanding operations to fulfill Walmart demands and didn't diversify among other customers. They cut costs, wages, jobs, material, quality, whatever it takes to remain profitable and meet Walmarts expectations. They're now slaves to Walmart. The next year, Walmart comes calling, wanting another 10% cut... for the customers of course... and the small AMERICAN business says no, they simply can't afford it, they've cut everything from everywhere, there's no meat left on the bone at all. Well Walmart don't like hearing no. They say they'll go to another vendor if they can't meet the new lower, required, pricing. This can go on for years until the AMERICAN company says no. Period. So Walmart proposes an alternative. They can hook up the AMERICAN business with a CHINESE company that will build them a factory and provide cheap labor within two months if they fire their AMERICAN workers and move operations to China. Most American companies do just that, and that's how everything is now made in China. The end. God bless America 🇺🇲