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  1. GregLamberson

    Beating up on your vendors

    zuccus Perhaps when the vendors start refusing to provide components based on this guys tactics, it will get management's attention. Not all MBA's are stupid, some are just too smart for their own good (or anyone elses)!! I'd say how you laid it out to the forum in your post should suffice for...
  2. GregLamberson

    Are you busy? Informal survey.

    1. Based in the midwest: oil & gas-proj, const & eng mgmt 2. 2 proposals in this month 3. 1 major contract, 1 minor contract, 1 pending award 4. 2010 is trending about 20% higher (in volume) than 2009 Greg Lamberson, BS, MBA Consultant - Upstream Energy Website: www.oil-gas-consulting.com
  3. GregLamberson

    Liability Coverage with former employer.

    If you live in a smaller town, not many potential employers around and not willing or able to re-locate, I would present them a fair proposal and see what they said. Even if not, I would still look at it. I assume you will be using someone there as a reference for future employment or at...
  4. GregLamberson

    Start-up of a Consulting Business

    There are some good websites for small businesses, many have tools to assist in all areas. Some I use include: http://www.smsmallbiz.com/ http://www.smallbusinessadvocate.com/ http://www.quicken.com/small_business/ http://www.tannedfeet.com/ http://www.toolkit.cch.com/BOToC.asp...
  5. GregLamberson

    Terms & Conditions

    dogtop "Standard" may be a bit difficult to find. I have some service agreements from previous projects - if you are interested, drop me a line. Greg Lamberson, BS, MBA Consultant - Upstream Energy Website: www.oil-gas-consulting.com
  6. GregLamberson

    Establishing rates

    If it is only to review their systems, doubt they'll pay $500K. If so - do you need a partner? Not sure what the going rate is in Michigan, but for short term consulting I kind of have a slding scale depending on how much work there is. It's not set in stone and will vary slightly with the...
  7. GregLamberson

    Pricing Strategy for Machinery

    You have to cover your costs - period. If the market will not bear what your base costs are, then you can't provide the equipment. Once you understand your cost components, then you can see what the market will bear and set you mark up & hence the final pricing of that piece. But you have to...
  8. GregLamberson

    Pricing Strategy for Machinery

    rlee53 Generally there are 4 factors that go into the pricing of equipment/machinery - 1) capital cost, 2) overhaul/maintenance costs, 3) ownership costs, and 4) mark up. 1) captial costs - pretty straightforward - this means the capital cost component is equal to the difference between the...
  9. GregLamberson

    Guarantee of Payments

    Some good recommendations above, my MO (and I'll repeat a few of the above) - as part of your proposal/offer include a payment terms section that includes: - a mobilization payment (I usually go for 10% - 15%) and don't start work until it is received. - work out a cash flow based on your...
  10. GregLamberson

    When to incorporate?

    Jab1776 As MiketheEngineer pointed out, it will depend mostly on what your objectives are. Everything is a trade off including corporate structures. You should engage an attorney or a certified CPA and di8scuss your situation in termns of tax and tort liability issues, cost of maintaining the...
  11. GregLamberson

    Client List

    I list most of the projects I have worked on the past 10 years, along with a description of services provided, location, and the name of the client. Never had a problem. Nothing proprietary is given. Occasionally if there is some confidentiality, I simply list it as "Confidential Client"...
  12. GregLamberson

    Legal Structure of Your Engineering Company?

    It all depends on what you want the company to do for you. How many owners are there? How much risk are you willing to accept? There are tax implications for all structures - you need to know what they are. Also there are certain restrictions for all structures, again, you need to know what...
  13. GregLamberson

    CAD and Insurance

    mhdesign Hate to say it, but if you have concerns you may want to consult an attorney on it. The whole purpose of the LLC is to greatly limit your personal liability - that's the sole reason the stucture exists. If you have some specific questions, run them by your attorney. Greg Lamberson...
  14. GregLamberson

    Another Partnership Question

    I would not consider utilizing a third party, who works for another company and who will do part time work for me under a consulting contract as willy nilly. Generally you will need to meet the following: 1. Have a consulting contract 2. He sets his own work hours and excercises little control...
  15. GregLamberson

    Another Partnership Question

    Rye1 You didn't mention, but I assume you are currently a partnership (you mentioned "we")? Unless you want to get into an employee and all of the issues that go with it (W2's, benefits, policies, etc.) you will want to do a 1099. If you do so, you need to make sure you treat him as an...
  16. GregLamberson

    Engineering Partnerships

    hvac1701 I agree with ajack1, but to expand a little. What you need to do is a very unbiased assessment of the skills you each bring to the table (apart from the engineering side). Assuming you are not going to hire a business manager, admin asst, marketing, etc. Only part of the work will...
  17. GregLamberson

    Managing your own schedule....Priceless?

    aspearin1 I do quite often especially as the oil & gas industry is so busy at the moment. And it is 99% of the time driven by family. But one must be very careful, there are always cycles in your industry, especially mine and the client you tell no today, you may need work from in the future...
  18. GregLamberson

    Managing your own schedule....Priceless?

    aspearin1 I envy them too. I am an independent consultant who does reasonably well (my wife does not work outside the home, we have 3 children in private schools), however, I have no vacation time or sick time, medical benefits, long term disability (I have those things, but I pay heavy for...
  19. GregLamberson

    Hiring other Firms for QCC's

    waytsh: Personally what I do is bring on the staff that is needed on a contract basis under me and manage them as my own resources. You will need to make sure you have a Staff Rate sheet that your client has signed off on, ask him to review your staff plan and bring them on board. Make sure...
  20. GregLamberson

    Financial Catch 22

    desnov74 There's allot of cash out there looking for a place to be invested. If you haven't already, you need to put together a solid business plan. This will include you cash flows so that you will know what your start up costs are and can project your needs. With that, there are hoards...

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