hi this is new to me lol i am trying to find out some information out on industrial,commercial flooring contracts the ups and the downs will be grateful for any advice paul.
Hi Paul, what kind of information you after mate? What kind of flooring do you do and what area you in? Welcome to the forum mate
Hi Daz thanks for the reply, I am not set up yet but will be some time this year. I will be installing resin floors of all kinds, But only ever laying them never get to know about the contact side of things. I believe that their is a waiting time for payment Not sure how long tho? I am not far from you (Bebington),as i say thanks for the Reply Paul.
watch out for retentions they can kill your cash flow also swot up on method statements risk assessments health and safety, also make sure you have the correct insurance
I will be making sure that I have all the correct insurances and so on, as I know better than anyone that these things are a must as I had an accident in work and broke my back! But thank you for your input its very much appreciated. Paul
Payment times vary, and are normally agreed when the contract is awarded. 30,60,90,120 day`s are all normal for contract work, and best to expect a wait after the due date. Retention is normally 5%, 2.5% released on practical completion, and the other 2.5% either 6 months, or 12 months later. Expect to have to chase this up, or it will not be released. The H&S side is a massive pain, and can take up a lot of time. I use a company which provides templates, for most eventualities. Its between £250-£500 per year, but if your doing contract work, it`s worth it. H&S policy, risk assessments, COSHH, etc etc As oddbod say`s, make sure you have the correct insurance. The main contractor will want a copy before you attend site, and if it`s not what they expect, you will be turned away. The upside is, you turn up, do your work, get paid, happy days. Downside is, you can spend a lot of money on materials, and labour time, main contractor goes bust, and your in the sh*t. Get your self a risk disk, and credit check all your customers, before you accept any work from them.
Thanks for the advice mate it is very much appreciated, What is the name of the company you use for your templates? Thanks Paul.
These guy`s mate http://www.hsdirect.co.uk/ They do a few different packages. Depending on who your working for, you might find you need a dedicated H&S person. If so these guy`s can be that.
also if you've not got NVQ'd up yet there's a very high chance you'll need to as most contracts require a CSCS card. If you haven't speak to Matt he'll be able to help best.
