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Asset Management Specialist AMS SCAMS Contractors to put money in their pocket at contractor expense Internet
AMS supplies lots of work to contractors, only they do not want to pay for the work when it is completed. They have you fill out a price sheet of what you charge but when it comes time to pay either they forget to add it to your invoice or send you a work order with no price or figure it up per their own pricing guidelines that you were never made aware. Contractors working for AMS are volunteering their time and money to rehab homes is what it comes down to. I charged 1800.00 for an overage on debris and they want to pay 600.00. By the time you pay your dump fees , gas, employees and taxes you will be in the red. However, they have and keep every pic you send them. Guarrentee they are making top dollar from Fannie Mae. And then when they don't get everything entered in for your invoice you have to wait until the next month to get paid on missing items. Why? Because if you don't want to wait the 45 days to get paid you pay 4% to get your check early. The longer they drag it out the more times they can charge you 4%. Good luck trying to get them to answer the phone to. I think every contractor who has had an issue with getting payment should file a class action lawsuit against them. Fannie Mae also says that if you are having a problem with them to contact the Federal Trade Commission. The CEO of AMS is Mire Black. Contact him with your problems and concerns also.
1 Updates & Rebuttals
anonymous
United States of AmericaContractors --- don't be fooled by Asset Management!
#2UPDATE EX-employee responds
Thu, November 11, 2010
You are so completely correct. This company sucks. They are so unprofessional and are only looking to get things done as cheaply as possible. They tell the people managing the territories to nickel and dime the contractors, and if they don't, they get reprimanded for giving out too much money to 'unworthy' contractors. And they lure contractors in by not giving them the appropriate information and pricing schemes, and require them to go through a training program and get an excessive amount of insurance, and then they might not even use you. But even if they do use you, you'll be doing a lot more work for almost no money than you thought you ever would.
I would not work for this company for all the world. It's not worth it to sacrifice your standards so that some executive can get rich.