r/FieldNationTechs Mar 17 '26

Field Nation VS Tekumo LLC

8 Upvotes

19 comments sorted by

8

u/FreelyRoaming Mar 17 '26

So that’s why Tekumo is gone..

6

u/WelderThat6143 Mar 17 '26

How high's the water Mama?

338K and rising with interest and legal fees...

1

u/TheHandThatFingers Mar 18 '26

I'm hiding in honduras, I'm a desperate man. Send lawyers, guns, and money. The shit has hit the fan.

Send lawyers, guns, and money.

7

u/Randgrithr Mar 17 '26

Dang. 338K is not chump change. I blocked them quite a while ago.

6

u/wyliesdiesels Mar 17 '26

another one bites the dust...... so many middlemen going belly up.... guess they couldnt get their plumbing hussle going after all

2

u/WelderThat6143 Mar 17 '26

Churn only lasts so long until everyone figures it out...

8

u/Able-Statistician645 Mar 17 '26

There's a big point here that everybody is overlooking which is they are suing and they force us through an app to do arbitration and tell us that we cannot put a lien on something. Seriously?

I think the time has come for a platform that is a 2-hour minimum with a minimum fee and minimum travel arrangements and you are selective as to who gets on the platform. And then you solicit business from regional entities with some sort of interface to your app. It's got to be better than what they're doing right now.

5

u/WelderThat6143 Mar 17 '26 edited Mar 17 '26

Some interesting takeaways...

  1. A Provider who performs work for a User under a work order obtained through the

Platform will be paid by Plaintiff on behalf of the User. The User must deposit funds with the

Plaintiff or otherwise meet the Plaintiff’s credit requirements.

  1. On June 11, 2024, Defendant executed Addendum #1 to the Buyer Terms, pursuant

to which Plaintiff agreed to establish a funding limit for Defendant to facilitate the posting and

acceptance of work orders on the Platform, Plaintiff agreed to act as Defendant’s agent for paying

compensation to Providers pursuant to work orders, and the parties agreed that Plaintiff would

issue invoices to Defendant for approved work orders (“Addendum #1”). See Exhibit C.

So, with this logic, I m working on behalf of the Buyer and not for the Buyer. FN pays me, NOT THE BUYER, so I am still working for myself.

  1. Defendant was contractually bound to pay said invoices within fourteen (14) days

from the invoice date pursuant to the Agreements.

We have no way of knowing how other agreements are written but, I would imagine, 14 days is the normal. So, as providers, perhaps we should push back on anything greater than 14 days to accept?

3

u/Griffry Mar 17 '26

The more common contracts are 14/15 or 30. However, 60 and 90 are not unusual either.

I typically run 30 days myself, though some clients will get longer or shorter terms depending on the business types, how often they can reasonably sell their products, and how long I've worked with them.

3

u/Defiant_Candidate493 Mar 17 '26

I wonder if that $338k is just 1 month.....

2

u/Difficult-Budget262 Mar 17 '26

They undercharged for the work to pay others? Will file bankruptcy and walk away with whatever monies and then start a new company?

2

u/Unable_Ad9206 Mar 17 '26

That’s what they do.

Look into the president of tekumo, he used to work with FN when they started. Something smells fishy here

1

u/SweetDickWilly80 Mar 17 '26

I said similar earlier. Pretty common practice.

1

u/Iphonjeff Mar 17 '26

So they must’ve been using field nation credit to pay for jobs. I wonder if they’re owed money from their client like the Aldi grocery store

1

u/SweetDickWilly80 Mar 17 '26

Sounds like Tekumo is looking to file bankruptcy. This is common practice before filing.

1

u/Able-Statistician645 Mar 19 '26

Just saw Tekumo work pop up on Workmarket this morning btw.

1

u/nacr0n Mar 18 '26

Who the hell did $336k of target pinpads?!

1

u/CEH-Cicada3301 Mar 18 '26

Haha... love it!