Anyone out there familiar with the term 'performance contract(s)' and the application within our industry? Had a fella go through a pitch about this new way of doing business. Sounds too good to be true, which usually means it is. According to him they contract for MAJOR $$$ upgrades in everything from lighting to insulation to hvac to plumbing, and then their payment consists of the difference (savings) in utilities. In other words if the work resulted in a monthly savings of $10K then the customer would write them a check for $10k each month. No money for the MAJOR $$ up front OR on completion from the customer. Any other insight?
Boss, please delete this post or re locate to Pro's Forum. thanks. Irish.
[Edited by irishmist on 02-18-2005 at 01:42 PM]