And there is always a 10% retainage. So when they return the equipment at the end and everything they get the retainage after the customer pays it.
From: Chuck McCown via AF Sent: Saturday, November 12, 2022 9:15 AM To: AnimalFarm Microwave Users Group Cc: ch...@go-mtc.com Subject: Re: [AFMUG] Escrow type holding Why not just a simple rental agreement with them putting the equipment on their inland marine policy? Sounds complicated. You would be better off being the prime, have the sub submit the invoices to you and you to the customer. Take your cut when the customer pays. I have done that before. I think I took 15% and supplied the equipment. From: Steve Jones Sent: Friday, November 11, 2022 8:01 PM To: AnimalFarm Microwave Users Group Subject: [AFMUG] Escrow type holding Any of you guys ever put your equipment up for lease on a percent of revenue arrangement? I was told when doing stuff like this that you can set up an escrow type account to have the recipient put earnest money into against the revenues to keep everybody honest. I cant touch the money unless they abscond with the equipment or something of that nature -------------------------------------------------------------------------------- -- AF mailing list AF@af.afmug.com http://af.afmug.com/mailman/listinfo/af_af.afmug.com -------------------------------------------------------------------------------- -- AF mailing list AF@af.afmug.com http://af.afmug.com/mailman/listinfo/af_af.afmug.com
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