Deposits and payments up front, was Rough seas stuff -
Hi Georgs,
What Tim Jordaan is saying agrees with what I said and that is; "Starting at
the last reference, "a custom built cat", especially over 45' that can cost
a builder over US $1m to build and take over 12 months to complete. There
are no builders out there I know of who could or would carry that amount of
debt for that amount of time."
Tim stated; "We only build upfront and the client only pays for what he
sees, firstly the hull and deck, then he pays, plumbing and engines, then he
pays, as so forth,". Now if that's not a stage payment plan, what is it?
He does not carry the whole cost of the build from start to finish, he does,
appear, to not require a deposit, which is a strange way to do business.
What builder, boats or houses, would start building for a stranger who has
no financial interest in what they are building until it's completed? This
flies in the face of good business practice.
It is more common that a customer pays a deposit and THEN payments on each
stage of the work that is completed, just the way Tim described it, but
other builders prefer monthly payments based on the work completed. There
is noting wrong with either scenario as long as the customer can see the
completed work, or he has a friend or a project manager to oversee the work
for him, or he is sent photos of the work progressing. This is how all
custom boats are built, but there may be a very rare exception to this that
I'm not aware of.
Graham Pfister
TrawlerCat Marine Designs
BC, Canada
www.trawlercatmarine.com
Message: 10
Date: Mon, 26 Oct 2009 12:53:05 -0400
From: Georgs Kolesnikovs gxk@earthlink.net
To: Power Catamaran List power-catamaran@lists.samurai.com
Subject: [PCW] Deposits and payments up front, was Rough seas stuff -
Buzzards Bay
Message-ID: 5E5185A2-20B4-4F8B-9361-F37AFDAB2287@earthlink.net
Content-Type: text/plain; charset=US-ASCII; format=flowed; delsp=yes
All hands--
I've changed the subject line so that it reflects what is being
discussed in this thread.
--Listmaster
On 26-Oct-09, at 3:47 PM, Tim Jordaan wrote:
Georgs,
I certainly hope that we could not be opened to such a
debate
when in fact
there are quite a few accredited builders that can build
upfront easily more than
$1 million and more.
We, at Aventure have a safe guard policy, as discussed
in many
previous mails
under the heading, insurance.
We only build upfront and the client only pays for what he
sees, firstly the hull and deck,
then he pays, plumbing and engines, then he pays, as so
forth,
all insured on his own
builders insurance policy.
This policy safeguards us, as boatyard from problems and
we can
always deliver,
exactly what our client wants.
Regards,
Tim Jordaan
-----Original Message-----
From: power-catamaran-bounces+tradesure=libello.com@lists.samurai.com
[mailto:power-catamaran-bounces+tradesure=libello.com@lists.samurai.com
]On
Behalf Of Graham
Sent: 26 October 2009 17:07
To: power-catamaran@lists.samurai.com
Subject: [PCW] Rough seas stuff - Buzzards Bay
Hello all,
I agreed with pretty much everything Rod said right down to this next
paragraph:
"I'd also suggest that if the builder says he can't build your new
cat with
a receipt of only a 15% or 20% deposit from you (instead, he wants
stage
payments from you), that isn't necessarily a sign of a builder with a
worrisome financial situation -- but it might be. Conversely, if the
builder WILL build you a complete boat, with only a 10% or 20%
deposit, he's
likely to be a better funded entity. (But he could be just hoping to
take
you for your deposit...period.)"
Message: 11
Date: Mon, 26 Oct 2009 19:40:03 -0500
From: "bob Austin" thataway4@cox.net
To: power-catamaran@lists.samurai.com
Subject: [PCW] Rough Seas Stuff
Message-ID: 48976C6494D34237AF073F74EE388787@your0cdc4f5844
Content-Type: text/plain; charset="us-ascii"
I tend to look more at used boats, and a quick review of YachtWorld,com
revealed over 50 Power Cats suitable for cruising in the size range of 30 to
35 feet and costing less than $300,000.
One of the boats I looked at this summer was the Sea Sport Pacific
32--several
for sale in the $180,000 range. Lots of the Glacier Bay 32-34 in the price
range, World Cat E C's are in this price category.
As for small boats in the English Channel--I would tend to look at the World
Cat, or a well found Glacier Bay, over the Tom Cat (which I own). The Tom
Cat
is fine in beam seas or down wind, but not as good into the seas. I know
that
the Sea Sport Pacific 32's have a good reputation in the PNW in commerical
charter use.
I agree with Georgs that the way the boat is set up is key, that a large
boat
is not a detriment--it is a much more stable platform. I single handed our
62
foot sailboat for a month, without an engine with no problems. I suspect
that
at some point the physical size becomes an issue when docking--running from
one end to the other to secure lines!
Bob Austin
Power-Catamaran Mailing List
End of Power-Catamaran Digest, Vol 54, Issue 19