this post was submitted on 06 Jan 2024
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If you ever notice construction is stalled in your city, it's because it's a racket.
They low bid the contract.
They take contract.
Work stops because they didn't ask for enough money.
They're already there, it'd cost too much to fire them or move their supplies and equipment. They know this so they drag their feet until the client pays more.
Construction begins again.
I work in construction insurance, protecting the government and investors against construction companies that do this. Our underwriters study the project, the construction company history and everything related and we qoute a price that the construction company should pay even before the government or the investors transfer anything. If the construction company or the project fail for any reason we take control over the project and find a new construction company to complete it. After that, our lawyers go after everything owned by the construction company and their executives to try to recoup anything we can.
fucking based.