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TEN COMMANDMENTS FOR CONTRACTORS
(C) 2001 Attorney Elias M. Gordan, Palos Park, IL
1. Thou shalt assess and appropriately price thy risks before binding thyself to a contract.
2. Thou shalt know thy owner and thy worksite, and shalt read and meditate on thy contract before binding thyself thereto.
3. Thou shalt practice neatness, cleanliness, and order in all thy files, all thy records, and all thy worksites.
4. Thou shalt not expend $200 of labor and aggravation to save $50 of material.
5. Thou shalt bill early and often for thy work.
(5A for subcontractors - Thou shalt bill early and often for thy work.)
6. Thou shalt track thy receivables early and often.
(6A for subcontractors - Thou shalt track thy receivables early and often.)
7. Thou shalt monitor thy disputes early and often.
(7A for subcontractors - Thou shalt monitor thy disputes early and often.)
8. Thou shalt call in thy retained professionals before a problem gets out of control, or an unpaid bill becomes non-lienable.
9. Those who don’t remember (and learn from) the last job are condemned to repeat it.
10. Few entities fail as the result of one project - the seeds of an entity’s destruction are sown early.
If you need assistance in keeping these commandments, please contact us.
708.923.9735
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