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Exhibit 2 CMR Enterprises Creed (Company Records)
Our Creed...
1. Vision: know the course
2. Integrity: habitual adherence to our standards
3. Custom: custom product & custom service
4. Teaching: a shared responsibility to educate
5. Quality: a mindset of all
6. Delivery: on time, every time
7. Productivity: low cost producer
8. Metrics: plan, measure and continuously improve
9. Technology: the right info to the right person the
right way
10. Marketing: divide and conquer
11. Diversified Customer Base: achieve sustainable
growth
12. Community: commitment to the communities we
serve
Exhibit 3 Top 50 Contractor Prospects for Fiscal Year 1999 (Ranked by Sales Team)
(Company Records)
Target
Rank
Market-Area Served
Metro Area (Commercial)
95-Present
Revenues
Rank
Revenue
"GotRate"
FY 1997
FY 1998
A1
Commercial-Metro
7
$116.5 MM
50%
$29,329
$239,878
A2
Commercial-Metro
3
232.2 MM
65%
47,561
370,369
A3
Commercial-Metro
11
87.0 MM
3%
18.273
90,776
A4
Commercial-Metro
42%
34,795
n'a
A5
Commercial-Metro
23
35.0 MM
23%
5304
ฟล
A6
Commercial-Metro
42%
75,446
73,729
A7
Commercial-Metro
33%
28,261
76,553
AB
Commercial-Metro
38%
109,574
249,794
A9
Commercial-Metro
1
785.8 MM
15%
53,110
197,219
A10
Commercial-Metro
22%
55.575
na
A11
Commercial-Metro
2
450.0 MM
7%
109,648
9,927
A12
Commercial-Metro
4
183.0 MM
7%
31,158
3,414
A13
Commercial-Metro
6
130.5 MM
11%
5.511
102,704
A14
Commercial-Metro
5
172.0 MM
27%
287,504
A15
A16
A17
A18
A22
A23
A25
B1
82
⠀ ⠀ ⠀ ⠀ * * * * * * * * * *
Commercial-Metro
20
42.0 MM
n/a
n/a
Commercial-Metro
22
40.0 MM
44%
38.836
154,507
3,822
303,179
Commercial-Metro
9
97.4 MM
50%
78,720
259,622
Commercial-Metro
52%
204,726
360,169
A19
Commercial-Metro
24
32.0 MM
17%
na
A20
Commercial-Metro
12
53.2 MM
43%
41,630
A21
Commercial-Metro
43%
281,900
84,489
26.601
47,849
Commercial-Metro
46%
na
n'a
Commercial-Metro
40%
13.979
55,146
A24
Commercial-Metro
96.0 MM
25%
28.941
na
Commercial-Metro
7%
30,384
66,434
Commercial-Local
п/а
12,545
2,664
Commercial-Local
21%
7,626
64,107
83
Commercial-Local
72%
67,826
102,472
84
Commercial-Local
51%
na
105,991
85
Commercial-Local
21%
1,953
13,206
86
Commercial-Local
86%
180,775
198,182
87
Commercial-Local
85%
102,756
927
88
Commercial-Local
71%
84,683
89
B10
R1
R2
R3
R4
R6
Commercial-Local
Commercial-Local
Blackstone
Residential-Local
Residential-Local
Residential-Local
Residential-Local
Residential-Local
n/a
41,760
27,519
7,309
n/a
1,613
33,100
n/a
32,295
n/a
27.188
303,237
75,298
n/a
n'a
438
п/а
13,199
37,156
n/a
2,898
32,713
n/a
43.668
22,813
R7
Residential-Local
n/a
60,684
36,210
R8
Residential-Local
n/a
296
42,176
R9
Residential-Local
n/a
850
19,792
R10
Residential-Local
n/a
114,842
R11
Residential-Local
n/a
6.663
117,245
17,816
R12
Residential-Local
n/a
7,453
8,943
R13
Residential Local
n/a
34,085
60,869
R14
Residential-Local
п/а
9.262
n'a
R15
Residential-Local
n/a
3,753
51,695
Exhibit 4 Revenue In First Years of New Ownership (to nearest thousand) (Company Records)
Fiscal Year 1997
(Ownership change mid-year)
Fiscal Year 1998
Amount
Percent of Total
Amount
Percent of Total
Commercial
$5,470,000
80%
$7,270,000
82%
"A" Commercial Accounts
$1,605,000
23%
$2,776,000
31%
"B" Commercial Accounts
$ 501,000
7%
$ 615,00
7%
Residential
$1,367,000
20%
$1,596,000
18%
Top 15 Residential Accounts
Total Revenue
$ 387,000
6%
$6,837,000
100%
$ 826,000
$8,866,000
9%
100%
Exhibit 5 Bids, Orders, and Got Rates for FY 1999 (Company Records)
Got
Bid Got
Rate
Got
Rate
Avg
Market Segment
Qty
Qty
(Qty)
Commercial
1967
617
31.4%
Bid Value Got Value
$61,044,041
(Val)
Avg Bid
Got
-Assisted Living
73
26
35.6%
5,897,404
$9,507,814
1,116,072 18.9%
15.6%
$31,034
$15,410
80,786 42,926
-Apartments
23
7
30.4%
2,353,749
115,825 4.9% 102,337
16,546
- Banks
53
17
32.1%
1,304,849
248,242 19.0%
24,620
14,602
Casinos
17
10
58.8%
424,118
-Churches
79
36
45.6%
1,294,647
284,754 67.1%
502,782 36.1%
24,948
28,475
17,654
13,966
- Conv. Stores
49
19
38.8%
365,553
140,745 38.5%
7,460 7,408
-Courthouses
7
4
57.1%
187,951
79,581 42.3%
26,850
19,895
- Government
104
38
36.5%
5,497,968
379,377 6.9%
52,885
9,984
-Hotels
46
16
34.8%
2,916,381
536,180 18.4%
63,400
33,511
- Libraries
17
6
35.3%
3,031,025
-Medical/Dental
209
81
38.8%
7,516,096
287,612
1,117,040 14.9%
9.5%
178,296
47,935
35,982
13,791
- Manufacturing
31
14
45.2%
240,387
99,038 41.2%
7,754
7,074
- Miscellaneous
141
42
29.8%
5,118,933
238,427 4.7%
36,304
5,677
- Post Offices
535
67
12.5%
11,966,855
1,441,216
12.0%
22,368
21,511
- Restaurants
31
11 35.5%
628,613
67,391 10.7%
20,278
6,126
-Retail
136
-Schools
120
-Tenant Space (Office)
296
Residential
604
Totals
2571
61 44.9%
44 36.7%
118 39.9%
416
68.8%
1033 40.2%
1,817,714
380,107 20.9% 13,366 6,231
4,879,952
5,501,846
3,309,310
$64,353,351
1,232,789 25.3% 40,666 28,018
1,240,636 22.5%
1,860,148 56.2%
$11,367,962
18,587 10,514
5,479 4,472
17.7% $25,030 $11,005
Exhibit 6 Completed Blackstone Homes Projects in InfoCentral as of December 15, 1998
(Company Records)
Job
Started
Job ID Job Description
5/15/98
11844 Residence
6/4/98 10977-1 Family Room Cabinets
6/23/98 11872 Residence
6/26/98 11885 Residence
7/1/98 11872-1 Millwork
7/14/98 11954 Residence
7/20/98 12014 Residence
7/28/98 12032 Residence
Favor
Budget Actual (Unfavor) % Favor
Revenue Hours Hours Variance (Unfavor)
$6,113 97
127
(30)
(31%)
$2,581 40
56 (16)
(40%)
$8,014
$7,620 121 161
153 236
(83)
(54%)
(40)
(33%)
$1,674 35
$6,781 107 140 (33)
50
(15)
(43%)
(31%)
$6,762
107 145
(38)
(36%)
$15,946
221
425
(204)
(92%)
7/28/98 11885-1 Wood Top and Vanity
$1,219 25
43
(18)
(72%)
7/28/98 12033 Residence
$7,694 122
207
(85)
(70%)
7/28/98 12034 Residence
$8,746 138
227
(89)
(64%)
7/28/98 12035 Residence
$8,628 137 206
(69)
(50%)
7/28/98 12036 Residence
$6,740
107
153
(46)
(43%)
8/3/98 12034-1 Prefinish Trim
$847
16
34
(18)
(113%)
8/13/98 12034-2 Doors
$1,240
23
43
(20)
(87%)
8/20/98 12034-3 Millwork
$864
17
41
(24)
(141%)
8/20/98 12033-1 Den Area
$5,355 85
170
(85)
(100%)
8/20/98 12215 Model Home Kitchen/Bath
8/20/98 12216 Model Home
$7,600 119 184
(65)
(55%)
$7,600 120
171
(51)
(43%)
8/20/98 12215-1 Model Home Additions
8/21/98 12223 Residence
$1,314 24
34
(10)
(42%)
$21,147 334
583
(249)
(75%)
8/21/98 12224 Kitchen and Bath
$7,841 124
163
(39)
(31%)
9/1/98 12223-1 Prefinish Trim
$1,176
20
37
(17)
(85%)
9/8/98 12308 Kitchen
$21,851
345
601
(256)
(74%)
9/9/98 12315 Kitchen
$10,433
165 417
(252)
(153%)
9/14/98 12315-1 Fireplace Front
$810
11
28
(17)
(155%)
9/14/98 12388 Kitchen and Bath
$8,934
142
313 (171)
(120%)
9/17/98 12388-1 Millwork
$970
17
40
(23)
(135%)
9/25/98 12422 Model Home
$9,815
155
251
(96)
(62%)
10/5/98 12388-2 Entertainment Center
$725 11
22
(11)
(100%)
10/12/98 12215-2 Model Home Trim
10/13/98 12556 Bookcase/Service Work
10/14/98 12558 Residence
$1,333
23
48
(25)
(109%)
$1,575 30
39
(9)
(30%)
$8,027
114 165
(51)
(45%)
10/22/98 12388-1 Fireplace & Bookcase
TOTAL
$2,359
31
вз
(52)
(168%)
$210,314
3336 5643
(2307)
(69%)
Exhibit 7a Profitability Study by Market (Projects Completed during January 1999)
(Company Records)
Revenue
Actual Shop Hours
Commercial
$542,528
Residential
$133,410
6,045 hrs
2,985 hrs
Actual Revenue per Shop Hour
$89.75
$44.69
Budgeted Shop Hours?
6,275 hrs
2,465 hrs
Budgeted Revenue Per Shop Hour
$86.46
$54.12
Target Revenue per Shop Hour
$65.00
$65.00
Exhibit 7b Profitability Study by Market & Project Manager (Projects Completed during January
1999) (Company Records)
Commercial
Residential
Revenue
per Shop
Comm 1
Comm 2
Comm 3
Comm 4
Comm 5
Res 1
Res 2 PM
(Blackstone
Hour
PM
PM
PM
PM
PM
PM
Homes)
Actual
$162.16
$64.35
$96.94
$75.32
$57.68
$48.13
$40.63
Difference
43.79
(17.95)
34.59
0.39
(5.55)
(9.10)
(11.14)
Budget
118.36
82.29
62.35
74.93
63.22
57.22
51.78
Difference
53.36
17.29
(2.65)
9.93
(1.78)
(7.78)
(13.22)
Target
65.00
65.00
65.00
65.00
65.00
65.00
65.00
Exhibit 8 Caldwell Home Project Timeline (from project file) (Company Records)
Date
January 25
January 26
January 29
January 30
February 1
February 9
Activities
Blackstone Homes project manager faxed notice of new project, provided location, homeowner
name, date to measure cabinets (2/18/99), and date to install cabinets (3/22-3/23/99).
Homeowner visited showroom, met with sales manager to pick out materials and trim. Home
based on Model #4. Sales manager filled out residential customer information form with
materials and trim part numbers and sent estimation checklist to estimation department with
request for quote by Fri, Jan 29 at 11am. Sales manager noted that customer was looking to
add a laundry chute in a yet undetermined spot and also a fireplace front that did not appear in
the model print. Sales manager provided homeowner with estimate of $875 for fireplace.
Quote faxed to Blackstone Homes project manager. Quote included kitchen, main bathroom and
½ bathroom, delivered and installed with completion date of 3/22/99. Total price quoted: $7571
(internal estimate of 106 shop hours).
Blackstone Homes project manager replied with fax to CMR project manager of cabinet spec
sheet. Spec sheet confirmed that a fireplace and laundry chute would both be added. Provided
colors and materials for fireplace, noted that location for laundry chute had not been determined.
Internal Job File initiated (project manager took over). Data in job fille: delivery date 3/23/99.
amount $7521, 141 shop hours.
Blackstone Homes project manager contacted sales manager. Homeowners had added a
finished bathroom in the basement, needed quote for additional bathroom vanity and linen
cabinet.
February 10 Sales manager faxed add-on quote for vanity ($819) and linen cabinet ($524). (No internal
estimate of additional hours.) Sales manager also included $875 for fireplace front on this quote.
February 11 Blackstone Homes project manager re-faxed cabinet spec sheet: "Wasn't sure that I had sent
specs" (no change from cabinet specs sent on Jan 30).
March 10
March 11
CMR drafting completed construction drawings for kitchen, main bath, half bath, bathroom in
basement.
(Copy of handwritten note.) Additions to job: broom closet $375, pigeonholes under desk upper
$90, no glass doors.
CMR drafting completed revised construction drawings for kitchen that included broom closet
and pigeonholes under desk.
CMR buyer ordered bathroom countertops from supplier, requested delivery date: 3/30/99.
CMR buyer ordered kitchen countertop from supplier, requested delivery date: 3/24/99.
Hand-drawn drawings of fireplace front construction detail.
March 16
March 16
Job released to shop.
March 16
March 18
(no date)
March 18
March 30
March 31
Final direct costs for total job: materials: $3263, shop labor: 228 hours
March 31
CMR ordered marble fireplace surround from supplier, requested delivery date.
Cabinets and trim shipped to job site.
CMR invoiced Blackstone Homes for completed job:
One set of kitchen and bath cabinets prefinished and installed
Lower level vanity prefinished and installed
Linen cabinet prefinished and installed
Fireplace front prefinished and installed
Pigeonholes at desk upper and 15 broom closet in the kitchen pref. +
Six oak shelves in master bedroom prefinished and installed
$7571.00
$819.00
$524.00
$875.00
$465.00
$120.00
Total
$10,374.00
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