Mitigating Risk With Upfront Payments To Timber Frame Companies?
A follow up thread as to what only can be described as a nightmare situation for willraymond, with Flight Timber recently going into administration after 30 years.
Aside from visiting the timber frame manufacturing facility and speaking with previous clients before placing an order, which even in this case, seems like it wouldn't protect you if you pay for a large percentage of the package upfront, is there any other way to help mitigate the risk of the TF company going under and los
>>>
MBC have rejected my requests for an escrow facility, and also for any arrangement that assigns ownership of materials to me when stored on their premises. The only protection they will consider is the insurance company route. I haven't see the terms but it seems that it would provide the protection that customers want. There are plenty of trade credit insurers, but for private punters is appears for less well developed and therefore more expensive.
I'd only need protection fo