Well, having been on both sides, the lead firm (if they had a brain in their head) would be looking for something like 2:1 at the very least. If you were the sub, you’d need to provide them with a certificate of insurance with them listed as additionally insured. They would want to still mark up whatever else you do. As for your last question, you’d just have to very nimble with your calendar. Whoever books first, gets served first.
I spent a considerable time doing sub contract inspections for a local franchise company. Each and every question you ask had to be addressed in the agreement between your company and the other company. Fees were split 60-40 to me. booking was done by them and I provided all my equipment and tools. Provisions should be made for termination of the agreement.
E&O was the franchise responsibility (I did contribute to the fee)
The arrangement, for me was a great ride. Keep an open mind and proceed with caution. You are in the driver’s seat cause they approached you. Same happened for me.
So I have another question for you all about this before my meeting today. If I offer services which the inspector I would be subbing for does not, can I reasonably expect to retain 100% of those fees if I up-sell the client? For instance, sewer scopes. Thanks in advance!
If you were subbing work, would you want your sub to upsell the client on the side, behind your back, and charge 100% for it? It’s not your client, it is your employers client unless you are partners and such details are worked out in advance… See where I’m going with this? bottom line, it’s something you should definitely discuss with your employer so there are no surprises and then battles. Be upfront and honest about what you want to do and work out details that work best for you.