Green deal in the press. | Page 5 | on ElectriciansForums

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The last EPC I had done was very comprehensive about that sort of stuff, although the pricing he was using to base his returns on were way off which made me question the potential savings as well.
 
We went along to a Providers Seminar for would be installers........

They promised me endless amounts of work....but I would have to it. Buy the materials, pay the labour....then submit my invoice for the work.

So essentially I would be a sub-contractor paying for the materials myself up front.

And if that were not bad enough......The Green Deal funds will not be released until ALL the work in the plan is complete. So if I've done the boiler...and someone else has been given the external wall insulation I will not get paid until he's done his bit..and vice versa...

We left early!
 
well dodgy, looking at how some of the firms engaged in this kind of activity have behaved in the past.
I'm not deperate enough for work to risk bankrupting myself getting into large amounts of debt on materials for rip of companies.
 
I know. There were a few of us chatting during coffee break about just how much working capital to be an installer...You might have say five six weeks works waiting to be paid....and you know how big companies manage their cash flow to the detriment of the sub contractors...if not at first then they will eventually...

It will all start off fine...then as they say ...Nothing is a problem....till its a problems...
 
We've been told 90 days minimum could be 180 - kinda limits the extent of the work you can do. We have a local firm with ÂŁ120 million turnover who have walked away from it because the cashflow is too great a risk. I'm at another Green Deal meeting tomorrow - I'm really wondering why I keep going. None of the group can work out how we can make decent additional money without putting existing business at risk, and we're the optimistic ones!
 
Let me get this straight...

As a consumer, unless you have a really abysmal credit rating (in which case you probably shouldn't be considering any load, let alone a GD one), the GD doesn't make economic sense as you can get a loan/mortgage extension which would have a much better rather than GD, lower early exit penalties than GD and not cause problems if you decide to sell your house.

And as a supplier/business the GD doesn't make economic sense either.
 
We've been told 90 days minimum could be 180 - kinda limits the extent of the work you can do. We have a local firm with ÂŁ120 million turnover who have walked away from it because the cashflow is too great a risk. I'm at another Green Deal meeting tomorrow - I'm really wondering why I keep going. None of the group can work out how we can make decent additional money without putting existing business at risk, and we're the optimistic ones!

yeh, imagine how much materials you could be in for by that time.

I started out as part of a franchise, but when the parent franchise went down they took a lot of the guys with them, even though they paid on 30 days.
At 180 days if they go down, so will you.
 
Ref MCS023. Obviously written by someone who has never installed anything in their life. They probably have procedures in their office on how to sharpen pencils, who to ask before they sharpen them, how sharp they should be, what risk assessments have to be carried out before sharpening and before use of the pencil, that full protective clothing is worn by those using the pencil sharpener, and by those in close proximity, what competencies are required against national occupational standards to allow the operative to sharpen the pencil, provision that pencil sharpening should not impinge on the working time directive, that no bats or other wildlife will be disturbed by sharpening the pencil, that there is full documentation to record sharpening the pencil, that full environment records and audit are kept on the disposal of pencil sharpenings.............is it any wonder nothing actually gets done.
 
How about this scenario

We carry out a GDAR for nothing and quote for the installation at better rates than are offered by the GDP. We then provide finance at better rates than the GDP or the client gets finance on their mortgage. We carry out the work with no further surveys or inspections (which all add to cost). Client is delighted with work and the streamlined operation reccomends us to others. Client wants to move 5 years later? No problem--no finance tied to the electricity account. Also I believe the Golden Rule will work better this way because of the reduced cost's.

As installers and assessors this removes the financial risk of dealing with some very newly formed GDAO and GDP. We control the job and we collect the money

Green Deal on the other hand with all its layers of complication is just expensive and takes away clients choice
 

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