Contractor RME question

[Chris]

This is pretty subjective, I realize, but I need a starting point. I work for a company that does about 500 million a year. Due to personnel shifts, the company is asking me to take the role of responsible managing employee, using my state contractors license, for a few months until the executive VP for the west region can get licensed and take over that position. In exchange, they will cut me a check of an indeterminate amount. They have asked me what I feel is a reasonable amount. I have checked with my lawyer, and the agreement includes terms absolving me of any liability. Suggestions for a dollar figure per month?

[clb 017]

Being from the prk here are my thoughts,,
your cut should reflect what you would clear at home as the owner of said enterprise...(based on the location parameters of said employer) his state may pay better/worse?!

Ok english
You should clear normal p/o plus an aditional sum for the extra work AND using your licence .
Perhaps a temp profit sharing deal?
Prevailing wage?
(Ask for the moon, they need you, ?
This Could also loose yer job )

[LigBoozer]

Divide executive VP's salary by 12?

Take two months of that?

[01]

I am the RME for a Corporation and hold 19 different licenses in the Company's name. I would ask, it depends on what state the license is needed for? CA and DIR projects?

I would probably request a percentage of the project and include a contract for each project. Although I am no attorney, aren't there laws prohibiting working under someone's license?

Edit:
There are usually ways to work around this if you are listed as an officer with both companies.

[Chris]

This is Ca and the only real caveat is if you have more than one company with your name, you need to own at least 20% of the equity.

[Chris]

Originally Posted by LigBoozer

Divide executive VP's salary by 12?

Take two months of that?

SHityeah!

[01]

Originally Posted by Chris

This is Ca and the only real caveat is if you have more than one company with your name, you need to own at least 20% of the equity.

Yes, I found it.

Change in Personnel - Contractors State License Board

I would probably push a percentage, or a flat fee per project and that would depend on the total project revenue and profit.

[Chris]

I’m thinking I have this narrowed down to 3k a month. This is really free money for me so I obviously don’t want to be greedy but it should at least somewhat reflect the risk to me.

[crimsen]

but should not be to low that it is no longer a priority for management since they are getting the same service for a fraction of the cost if they take the responsibility.

[daddytall]

Originally Posted by Chris

I’m thinking I have this narrowed down to 3k a month. This is really free money for me so I obviously don’t want to be greedy but it should at least somewhat reflect the risk to me.

That’s .0005% of gross. When you’re done there, we’re hiring.

[89breaker]

Originally Posted by crimsen

but should not be to low that it is no longer a priority for management since they are getting the same service for a fraction of the cost if they take the responsibility.

Counter-point...

If you do keep your fee low enough to not cause the company to have a sense of urgency, you can prolong your time coverage.

[Texas97]

Originally Posted by Chris

I’m thinking I have this narrowed down to 3k a month. This is really free money for me so I obviously don’t want to be greedy but it should at least somewhat reflect the risk to me.

Originally Posted by 89breaker

Counter-point...

If you do keep your fee low enough to not cause the company to have a sense of urgency, you can prolong your time coverage.

Pigs get fat, hogs get slaughtered.

[Screwzer2]

Originally Posted by clb 017

Perhaps a temp profit sharing deal?

This seems like the best route.

I know Chris hates my guts, but I've been here before: You absolutely are in a position to claim a portion of profit.

When I brought in the B-1 Bomber contract, I picked up 4% ownership of a 100 person company, and built on from there...

Congrats. Yer in the catbird's seat.

[Texas97]

^^^^^^^^^ L O L

[Screwzer2]

Originally Posted by 01

I would probably request a percentage of the project and include a contract for each project. Although I am no attorney, aren't there laws prohibiting working under someone's license?

Edit:
There are usually ways to work around this if you are listed as an officer with both companies.

Originally Posted by Chris

This is Ca and the only real caveat is if you have more than one company with your name, you need to own at least 20% of the equity.

Well, there you go. Ask for 20% of all the projects under your license.

Well, maybe that IS a tad greedy, but $3K, for a $500K company is chump change.

Don't be a chump.

[Screwzer2]

Originally Posted by Texas97

^^^^^^^^^ L O L

Ya think?

I did pretty damn good in my time.

Also nailed the Space Station contract—twice. Picked up both McD and Rockhead as clients for the project. The 80s were VERY good to me.

It was quite lucrative helping Ronny Reagan defeat the Russians.

[justanotherjeep]

Originally Posted by Screwzer2

Ya think?

I did pretty damn good in my time.

Also nailed the Space Station contract—twice. Picked up both McD and Rockhead as clients for the project. The 80s were VERY good to me.

It was quite lucrative helping Ronny Reagan defeat the Russians.

And yet you live in a tent and shit in your kitchen.

[Chris]

Originally Posted by daddytall

That’s .0005% of gross. When you’re done there, we’re hiring.

I was formally promoted this weekend, with a 30% pay raise, signed an agreement to rent the executive VPs house for as long as I want near my new office, where I can both shoot and hunt in the front yard or any of the 17 acres, significantly reducing the financial and other stresses associated with moving a large family, and was made the fourth member of the team that manages all of our work in Ca. I’m pretty happy and definitely not looking to get fat off this deal, on the contrary, the in with the executive team and the position it puts me in as the next VP over Ca is almost compensation enough.

[Chris]

Originally Posted by 89breaker

Counter-point...

If you do keep your fee low enough to not cause the company to have a sense of urgency, you can prolong your time coverage.

The senior and executive VPs already have test dates to become the RME’s. So it’s a foregone conclusion that I will not be in the position long. But this is like the designated hitter coming in and smacking a grand slam. My stock goes up significantly, no matter how long I do it for.

[bgaidan]

Originally Posted by Screwzer2

Ya think?

I did pretty damn good in my time.

Also nailed the Space Station contract—twice. Picked up both McD and Rockhead as clients for the project. The 80s were VERY good to me.

It was quite lucrative helping Ronny Reagan defeat the Russians.

Originally Posted by justanotherjeep

And yet you live in a tent and shit in your kitchen.

Damnit, stop stealing my lines!

[SwampDonkeyBait]

Originally Posted by Chris

I’m thinking I have this narrowed down to 3k a month. This is really free money for me so I obviously don’t want to be greedy but it should at least somewhat reflect the risk to me.

Get a formal indemnification and commitment to be legally represented from the general counsel and CEO/Pres. Even a 1% stake holder has 100% of the liability in lawsuit-happy Cali. I'd be in the neighborhood of $10k-$15k/mo for $500m company to borrow my license.

Edit: Also - I've never run across the scenario before, but construction performed under your license (1-2 mo duration) could be subject to latent defect claims in the future, even if the project(s) finish under a new license #. As you know; when there is a lawsuit on a construction project, EVERYONE at every tier rides the train to the end.

[Chris]

To further this, they came back and said to me, "Sorry, we don't pay extra for this sort of thing" The guy that does this for AZ and the guy for Texas are both VP's so they don't get paid extra for this, but they do get paid more than me. So I took it to the head of HR and she told me the same thing. I said that's all fine, but I was made a promise which you are not keeping. She said to give her one week and she would get back to me. That was three weeks ago. I have called and emailed her and no response. For whatever reason the two guys in our Ca office who were going to take over this role have had their procedure delayed and next week it will be three months with no end in sight. So today I filed the disassociation papers and put the disassociation date as the date they told me they wouldn't be paying me, or 15 Aug. They now have thirty days to replace me or their license gets suspended. What makes this interesting is that the notice will go to our Texas office where no one reads the mail. They may not figure this out for several weeks.

[87manche]

fuck em then.

[01]

I wondered if this would happen. You did, and are doing the right thing. My company has recognized the necessity with the requirements as we handle a large number of orders/contracts that require CA DIR.

[CDA 455]

Originally Posted by Chris

To further this, they came back and said to me, "Sorry, we don't pay extra for this sort of thing" The guy that does this for AZ and the guy for Texas are both VP's so they don't get paid extra for this, but they do get paid more than me. So I took it to the head of HR and she told me the same thing. I said that's all fine, but I was made a promise which you are not keeping. She said to give her one week and she would get back to me. That was three weeks ago. I have called and emailed her and no response. For whatever reason the two guys in our Ca office who were going to take over this role have had their procedure delayed and next week it will be three months with no end in sight. So today I filed the disassociation papers and put the disassociation date as the date they told me they wouldn't be paying me, or 15 Aug. They now have thirty days to replace me or their license gets suspended. What makes this interesting is that the notice will go to our Texas office where no one reads the mail. They may not figure this out for several weeks.

Holy chit; please keep us posted!