The Electrical Blog

4 Reasons to Use a Financially Stable Commercial Electrical Contractor in Colorado Springs

Posted by James Rockhill on Mon, Sep 21, 2015

4-reasons-to-use-a-financially-stable-commercial-electrical-contractor-in-colorado-springsHiring a commercial electrical contractor can be a stressful situation. Doing your due diligence and checking for recommendations from local businesses can reduce the tension in the situation, but you're still hiring someone to do hundreds or thousands of dollars worth of work on your business. Give yourself an extra bit of security by doing a background check on the potential contractors by contacting your local Better Business Bureau (its free!). Finding out if they're financially stable might help seal the deal in a number of different ways.

Honesty

If a contractor has a history of paying his bills on time and not running up a lot of debt, he's usually an honest business person. It’s contractors that renege on their promises and don't do the work that end up getting sued, causing them financial worries from bad settlements. If someone is upfront with their financial dealings, he's usually honest with his clients in the rest of his business life.

Credit

Contractors need credit in order to get tools and supplies to do the work they do. It's crucial that your commercial contractor has good credit with a number of different vendors or you may be stuck with long delays while he finds the money to pay cash at the: 

  • Home improvement store
  • Online parts supplier
  • Electrical supply shop
  • Local tool shops 

Be aware that if your contractor fails to pay his vendors, electricians or their subcontractors, you may be faced with liens placed against your property - potentially forcing you pay them in addition to what you already paid the contractor. Another important consideration is that the contractor is properly insured to protect you from a possible law suit if a worker is injured on your project.

Trustworthiness

A contractor who pays his bills and doesn't have financial judgments against him is one you're more likely to be able to trust. He sticks with his word, and does the job he was hired to do. Even more than reviews from random past clients, this may be the one factor that's the most important when it comes to trusting a contractor with your business. You want the work done quickly and efficiently so you can get open again, and finding someone you trust to do this is the first step in getting the job done.

 

Topics: commercial electrical contractors, Colorado Springs electrical, finding a contractor