We are a specialty subcontractor in the security/low voltage area. We recently been issuing large subcontracts to security companies for labor and material. All of their quotes come in with net 15 payment requirements. Instead of redlining the quote we are investigating if adding an addendum to the AIA contract we require, stating that the subcontractor is bound by the same terms as US Comm through the Owners contract,( which we attach to the subcontract) with US Comm we want to prevent US Comm from having to redline the quotes.
Does anyone have such an Exhibit/Addendum they would be willing to share, or suggestions on how they handle this type of situation.
Thank you in advance.
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Jeri Romanski
Director of Accounting
US Communications & Electric
Garfield Hts OH
(216) 478-0810
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