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Investment 8 CONLAY | KEMPINSKI HOTEL & RESIDENCES, Europe's Oldest All Luxury Hotelier

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acbc
post Aug 23 2022, 12:01 PM

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Usually, if the main con quits, it could be due to the following.

1. Payment stuck or not forthcoming.
2. Too many changes and cannot charge VO or VO payment denied.
3. Financial difficulty for the main con.

Problems can escalate due to 1 and 3 where even the sub con also quit or not send enough workers to complete the job. Most agreements with sub-con never state anything about late payment. All will have LAD for late completion or poor-quality work.

End of the day, it is always the sub-con losing out. Many were either enterprise or small partnership companies. Suing the main con is usually the last resort but could take years to settle. And in this case, the main con parked this project under a separate entity to avoid legal problems later.

I did various projects with main cons before and after getting burned by 2 previously, I am now wary of their tactics. Any meetings will have voice recordings, videos, and pictures. Any contracts need to refer to a lawyer. All works need to be documented with pictures, videos, and signatures from the main PICs.

Just recently, I have decided to stop work for one of the sites due to non-payment of over 6 months! The main con threatened to sue but I counter back with voice recordings and documents. They can sue but all the ingredients will be public knowledge. I told them to release the payment for all works done even partially also ok. But until today, still cannot do so.

For this project, 2 main cons quit so it must be something fishy going on there...

This post has been edited by acbc: Aug 23 2022, 12:04 PM
acbc
post Oct 11 2022, 05:55 AM

Look at all my stars!!
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9,050 posts

Joined: Jan 2003
Will end up as rotten tail construction.

Whatever imported fixtures and materials will rot by the time the construction resumes if ever.

 

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