What Does a Bailment Pool Agreement Allows Upfitters to Do
A bailment pool agreement is a contract between an automaker and an upfitter that allows the upfitter to modify and customize vehicles according to the customer`s needs. The agreement creates a pool of vehicles that the upfitter can access for the purpose of customizing and preparing for delivery to the customer.
So, what exactly does a bailment pool agreement allow upfitters to do? Here are a few key points:
1. Access to a pool of vehicles: The agreement allows the upfitter to access a pool of vehicles provided by the automaker. These vehicles are usually unmodified and in their original condition, ready for customization.
2. Customization: Once the upfitter has access to the vehicles, they can modify and customize them according to the customer`s needs. This can include adding equipment such as lifts, racks, or shelving, installing new lighting or electrical systems, or making other modifications to meet the customer`s specific requirements.
3. Quality control: The bailment pool agreement also ensures that the upfitter meets certain quality standards, as specified by the automaker. This helps to ensure that the modifications made to the vehicles are safe and reliable, and meet the customer`s expectations.
4. Logistics support: The automaker typically provides logistical support to the upfitter, to help manage the flow of vehicles in and out of the pool. This can include assistance with transportation, storage, and delivery of vehicles to the customer.
Overall, a bailment pool agreement allows upfitters to provide customized solutions for customers, while ensuring that quality standards are met and logistics are managed effectively. By working together with automakers, upfitters can provide a high level of service and meet the unique needs of each customer.