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<blockquote data-quote="Brad Weber" data-source="post: 16483" data-attributes="member: 114">Re: Working for CheapThat&#039;s the reason for this, <a href="http://en.wikipedia.org/wiki/Performance_bond" target="_blank">http://en.wikipedia.org/wiki/Performance_bond</a>.&nbsp; In the install world it is quite common for a Contractor to be required to post a Performance and Payment bond.When comparing to some industries like medical, dental, architecture, engineering, accounting, Electrical Contractor, etc. you also have to consider that many of those professions entail legal liability to perform the work at or above some defined or accepted level, as well as for the results of that work.&nbsp; And their ability to even continue working in that field is also at stake, at least for licensed professions.&nbsp; Just for some idea of the cost impact, I&#039;m a one man shop without any claims and the annual premium for the professional liability coverage that some of my projects require I carry has been up to 10 times what I pay for my general commercial liability coverage.The point is that standard pricing guidelines are often accompanied by professional standards for the work and in some cases by licensing and additional liability.&nbsp; I don&#039;t see professional licensing ever coming to combat audio and for the reasons Dick stated, along with many other reasons, any &#039;&#039;industry standards&#039;&#039; for the quality of work or results would be difficult to develop and apply.</blockquote>

[QUOTE="Brad Weber, post: 16483, member: 114"] Re: Working for Cheap That's the reason for this, [url="en.wikipedia.org/wiki/Performance_bond"]http://en.wikipedia.org/wiki/Performance_bond[/url]. In the install world it is quite common for a Contractor to be required to post a Performance and Payment bond. When comparing to some industries like medical, dental, architecture, engineering, accounting, Electrical Contractor, etc. you also have to consider that many of those professions entail legal liability to perform the work at or above some defined or accepted level, as well as for the results of that work. And their ability to even continue working in that field is also at stake, at least for licensed professions. Just for some idea of the cost impact, I'm a one man shop without any claims and the annual premium for the professional liability coverage that some of my projects require I carry has been up to 10 times what I pay for my general commercial liability coverage. The point is that standard pricing guidelines are often accompanied by professional standards for the work and in some cases by licensing and additional liability. I don't see professional licensing ever coming to combat audio and for the reasons Dick stated, along with many other reasons, any ''industry standards'' for the quality of work or results would be difficult to develop and apply. [/QUOTE]

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