22 Feb, 2007
Subs Checking Up On GCs
Rocco Forino, a 33-year-old third-generation welder (and former Wall Street analyst), has launched a service that allows subcontractors to check up on the past performance of general contractors. According to a story in the real estate section of the San Francisco Chronicle (2/2):
“ . . . the new credit-rating tool allows subcontractors from all 33 trades to check up on the past performance of general contractors. Like eBay, where users rate one another's reliability, participating subcontractors submit reports on general contractors, and the subscription-only Web site passes the information through a number of financial tools. The end result is that each general contractor is given a Forino score between zero and 500. Not only can subscribers search for scores on general contractors, but they can also maintain a watch list of the general contractors they most often deal with.”
I believe the Chronicle’s articles are available online, for free, for 30 days after posting – which means you’ll probably have to pay for this one soon after 2/28. But if it’s still online free, you’ll find it by CLICKING HERE.