Episode 79: Should I Take On A Job Like This?
What would you do if a potential customer wanted to not only buy out your shop’s whole capacity for a period of time, but also wanted to work alongside you on the floor?
We’ve all heard it – shop rate is a hundred an hour standard, and two hundred an hour if you watch – but when it comes to a potentially lucrative contract – what would the correct course of action be? On this episode of Machine Shop Talk, Ian Sandusky from Lakewood Machine is back to dive into the forums to tackle a poster who came on with exactly this scenario on their hands. When considering a deal that would eat up all of your capacity, there are a few things to keep in mind.
Doing some homework on your potential customer in advance is critical, as is negotiating terms – and more importantly, hard boundaries with what is and isn’t within the realm of the contract. Have you ever encountered a scenario like this? What did you do?