Hiring my first driver for a contract job

I have a sub contract opportunity with a company who pays $800 a day (LOCAL) for delivery and installment for appliances from LOWES. They require you to sign on as an independent contractor, and for you to have your own truck and insurance.

This is my first time ever doing something like this with this size truck, I'm mainly in the medical courier space which is different. I just want to make sure all of my ducks are in a row. Can someone tell me if I'm on the right track?

I plan to hire two drivers/installment techs, and I will make sure I do all of the hiring onboarding stuff and I will have to add them to my commercial insurance.

What I have so far:
26ft Box Truck
Commercial Insurance
Dot Card
Business Insurance

I haven't really told the manager that I will be subbing it out, although they told me that I am welcome to do so.

Am I missing something?

 

I think you’re good. If something else comes up you’ll find it out lol.

 

Your box truck have a lift gate?

I used to drive and install high end appliances (sub-zero, Wolf, Viking etc)

At first glance $800 per day for a truck and two installers isn’t nearly enough.

 

Right on the head.

wait till he realizes why the previous company stopped doing it or why it went out of business.

To the op get the contract directly from Lowe’s.

 

Ugh refrigerators! Had to tailgate two of them in a 53' that was up in the nose to a little store in wv that didn't have a dock. No help and deliver thru front door. Those two fridges gave me a high hernia, I found out later. What fun that wasn't!

 

Is Lowe’s furnishing the fuel?
What is your plan to cover sick days, vacation days? Workers Comp.? Health Insurance for employees?

 

2 men to remove old appliance , Deliver AND install new appliance for $800 a day ?

how many hours does the $800 buy ?
Overtime ?
How many deliveries ?

who schedules and dispatches the deliveries ?

no way you’re gonna be able to remove and install 8 new washers or dryers or dishwashers in one day .

 

And who is going to be spending how many hours loading the truck with the new appliances each day ?

your two guys ?

if the $800 a day was a good contract the previous people who were doing it wouldn’t have Stopped doing it

 

How Lowe’s works is someone like Estes or whomever got the contract. They manage it. They get 2k a day. They then hire box truck guy as an O/O independent for that $800 a day.

I was in my Lowe’s one day heard the whole conversation when logistics rep guy was in there. Not trying to crap on your parade. Hopefully it works out.