13 the two insulation businesses whose needs were virtually identical, including the making and implementation of executive policy, accounting, marketing, clerical assistance, personnel work, administration, purchasing (insulation product, supplies, and equipment), insurance, data processing, tax return preparation, and so on. In effect, Pertinax provided, with the exceptions of vehicles and insulation installers and their supervisors, virtually all the services that UCIC, Alondra, and Edco required, including executive personnel. Pertinax's executives, Mr. Munro, James Brewer (Mr. Brewer), and Mr. Clearman, set overall business policies and, together with other managers employed by Pertinax, implemented these business policies. Another major advantage was that, by using Pertinax as a central purchasing agent, Alondra and UCIC received the benefit of lower prices for insulation materials and other supplies and services through leveraging their purchasing power. Throughout 1986 and 1987, Alondra required the most services of the three partners. Thus, during this period, Mr. Clearman, as the general administrative manager of Pertinax, spent 75 to 90 percent of his time on Alondra matters, because Alondra's size and growth were continuing to increase in relation to UCIC's. At the end of each month, Pertinax would add up the costs incurred by each of the three partners for Pertinax services and charge them for those costs, plus a 10-to-11-percent markup.Page: Previous 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 Next
Last modified: May 25, 2011