Jimmy21 Wrote:
Jan 05, 2013 10:30 AM
I was involved in several large state housing projects in Massachusetts back in the late '90's. Through the project architects and the state officials, we worked extremely long and hard to have our product specified. We even worked it in where our product received a "proprietary spec" which means that no approved equal was allowed. Not only did we work with the state officals, architects, but with our loyal suppliers who we typically sold our products to. Because of the criteria outlined in the bidding process, we were required to provide our product for these projects to minority companies. In the building business, the rules are quite simple. A builder purchases materials from a supplier and the credit terms are usually 2% if paid