somehow:


A performance bond is what I think every potential client should ask from whoever they choose to execute their projects (After filtering known quacks/frauds).

I initially asked Bosun for this but he couldn't get any bank of his to answer him for days.

n3xt:


The power of positivity.

All evidence prove that our thoughts (positive or negative) have psychological and physical effects on our body.

When everyone chose negativity yesterday, I chose not to go with popular opinion

Look at the result. I was able to thank my own supplier 7 after our transaction. She’s being asked to thank and reward her supplier in less than 24 hours.

Isé Olúwa Awamaridi

n3xt:



For the fact that we do not have a system in place doesn’t mean we can’t protect ourselves in our individual transactions and minimize risks and preventable losses.

Here are some of ideas I think we can explore:

1. POD on supplies between 20k - 500k. See no. 6 below for supplies worth more than 500k

2. 10% contract security on transactions worth over N2m to be deposited with the owner.

3. Payment on Installments (POI) basis for Labour only contracts. Payment for stage of work is released after all works within the scope has been inspected and satisfactorily completed.
In event of additions/deletions, the difference is calculated and an agreed sum is released to the contractor.

4. Performance bond on contracts exceeding N5m. I think the issuing company now take CofO. Don’t take PB from jankara agents o. Banks and reputable financial institutions would do fine.

5. Parent Company Guarantee should be used when dealing with skilled professionals and artisans who cannot readily provide some of the security documents above.
The guarantor (who could be former boss, client, reputable supplier etc) would pay back the client in event of contractors default or losses incurred.
A form of collateral should be obtained from the PCG.

6. Hire verified suppliers the same way you hire contractors in a mega scale development and issue letter of credit.

________

Some few minutes ago, a client here just ring me to inform me he’s awarding a job to one of my artisans and need some form of guarantee.

I thank him and told him “I’ll ensure all the materials are delivered to your site before you make any commitment.”
I immediately put a call through to my supplier and ask the contractor to go and make booking on my account.

_________

I’ve equally tow this route on a project where the client need some form of guarantee.
We agreed the project would only commence when the contractor has shown some level of commitment to the project, so some items were delivered on Payment on Delivery basis.

rotecch77:
I greet all good and well wishers of this thread and Nairaland as a whole.

I have something in mind to shear here which I believed it will be of great help for both clients, build industry professionals,artisans, suppliers etc
Let me go straight to the point without waste much of our time.

The rate at which some good clients here are treated badly is alarming same applicable to some good build industry professionals , artisan, suppliers etc.

Some people will remember when this particular thread was almost gone few years back when some good people here ran away bcs of one reason or the others, I called back most of them then.
Now I can see that same thing is about to happen again.

Now this is my suggestion.
1– let’s create a well functioning disputes resolution thread to oversee any dispute that concerns construction and services related matters here.
This thread will nominate , home owners, elders, young and old minded professionals in construction field, a well biz guru etc to solve any issues that might comes up now or in future so that a good clients, professionals, artisan, sales men and woman will not be drag here without deep verification.

Because here a lot of biz to happens which requires good monitoring if am not mistaken
If you think nothing concerns you bcs you have not been duped or dragged here without proper investigation then when your own turn comes around it will be like a magic to you.

More suggestions are welcome in other to bring sanity to this section of Nairaland and Nairaland as a whole

n3xt:


The power of positivity.

All evidence prove that our thoughts (positive or negative) have psychological and physical effects on our body.

When everyone chose negativity yesterday, I chose not to go with popular opinion

Look at the result. I was able to thank my own supplier 7 after our transaction. She’s being asked to thank and reward her supplier in less than 24 hours.

Isé Olúwa Awamaridi

hslbroker2:
Current price of iron rod (Top Steel, LCI)
As at today
8mm. @N370k
10mm @N415k
12mm @N410k
16mm @N410k

TMT
10mm @N445k
12mm @N445k
16mm @N445k
20mm.@N445k
25mm.@N445k


Payment on delivery (POD) to any part of Lagos and Ogun State, give us a try today, you will be satisfy.

Contact me through my signature.

...

Thanks

sonnie10:

But we are still in the middle of that story. It hasn’t ended yet.
That is why I said for the supplier to bring the quantity he can at the new price.
Now that we know that the wood supplier is somewhat sincere, two things are evident
He was telling the truth about the current price in the bush market
He might have also been sincere about the quality.

Now do you think the price at the open market where she is about to go to would be cheaper for the same quality of wood? The answer is never.

So who is losing at the end? Assuming she buys them more expensive now, which is certain.

We are still here for reports on the actual price to compare if she would.

n3xt:


What now happened next...?

n3xt:


For the wood supplier, that chapter of the story is already closed.

________
Bush wood vs Open Market

In my case, I went the bush route because of quality and I paid almost twice the local market rate per wood.
If I should go by what’s obtainable in the open market, the quality of the wood is very terrible.

I really mean terrible. My woods were not only complete, I got the right measurement and good quality.

Going to open market is great but I’ll be more wary of adulteration especially when the buyer is ignorant. Even if you’re smart, they’ll still play smart in the open market.

hslbroker2:
My new project,please follow me

AKArchitect555:
My propose project

erico2k2:

This could be challenging

hslbroker2:
lol, God is in control

AKArchitect555:
My propose project

erico2k2:

This could be challenging

Blessedsunny2:

My boss God is your strength, carry on your good work

erico2k2:

ok we are following

Stopthecap:
The end

hslbroker2:
thank u sir, I'm grateful

hslbroker2:
this is the parapet design we are doing first, before the roof, we did this one at abuja, but my client love this one.

n3xt:


For the wood supplier, that chapter of the story is already closed.

________
Bush wood vs Open Market

In my case, I went the bush route because of quality and I paid almost twice the local market rate per wood.
If I should go by what’s obtainable in the open market, the quality of the wood is very terrible.

I really mean terrible. My woods were not only complete, I got the right measurement and good quality.

See, we just did over 2000 pieces of 2 x 4 x 18 for that mansion (Some were cut into 2 x2 thou). We bought from the open market.
Some were actually 16 feet and some 17 while the rest was 18 but they calculated all of them as 18feet.

They came in three batches initially they supplied #1200, then #1450 the last was #1600. Quality wood that you don't have to treat, they called is magoro or so over there.

I too experience these changes in price , but nairaland is not a good place to relate ones own experience for others to learn

Going to open market is great but I’ll be more wary of adulteration especially when the buyer is ignorant. Even if you’re smart, they’ll still play smart in the open market.

erico2k2:

I did the opposite of this/mine curved outward in the middle

n3xt:


For the wood supplier, that chapter of the story is already closed.

________
Bush wood vs Open Market

In my case, I went the bush route because of quality and I paid almost twice the local market rate per wood.
If I should go by what’s obtainable in the open market, the quality of the wood is very terrible.

I really mean terrible. My woods were not only complete, I got the right measurement and good quality.

Going to open market is great but I’ll be more wary of adulteration especially when the buyer is ignorant. Even if you’re smart, they’ll still play smart in the open market.

sonnie10:


See, we just did over 2000 pieces of 2 x 4 x 18 for that mansion (Some were cut into 2 x2 thou). We bought from the open market.
Some were actually 16 feet and some 17 while the rest was 18 but they calculated all of them as 18feet.

They came in three batches initially they supplied #1200, then #1450 the last was #1600. Quality wood that you don't have to treat, they called is magoro or so over there.

I too experience these changes in price , but nairaland is not a good place to relate ones own experience for others to learn

Going to open market is great but I’ll be more wary of adulteration especially when the buyer is ignorant. Even if you’re smart, they’ll still play smart in the open market.

hslbroker2:


This lovely

erico2k2:

yes my DIY project so far