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Canadian company holding steel needed for WTC antenna 'hostage' for millions
New York Post ^
| October 13, 2012
Posted on 10/13/2012 4:44:51 AM PDT by SMGFan
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1
posted on
10/13/2012 4:44:58 AM PDT
by
SMGFan
To: SMGFan
There’s no steel available from US plants? Perhaps they are all running at 100% capacity in these boom years and just can’t take another order.
To: SMGFan
ADF refuses to ship this antenna steel unless and until it receives approximately $6 million allegedly owed under another contract for another project as ransom,LOL!
If they were in the hole to me for $6 mil, I wouldn't ship the dang thing, either!
3
posted on
10/13/2012 4:51:43 AM PDT
by
MamaTexan
(I am a Person as Created by the Laws of Nature, not a person as created by the laws of Man)
To: ProtectOurFreedom
Sort of like obama is holding the pipeline hostage?
Once this would not have been possible...and now we are a ‘service’ economy. What the hell is a ‘service’
economy? A sightseeing tourist attraction? Damn politicians and their union thug ignorance.
4
posted on
10/13/2012 4:54:48 AM PDT
by
MestaMachine
(obama kills and none dare call it treason)
To: MamaTexan
Me neither....this is the same company that has already been stiffed by the WTC builder for other projects on the same building. The builder is apparently trying to complete the building and get payments so that he can pay off bills he’s already reneged on.
5
posted on
10/13/2012 4:55:30 AM PDT
by
Gaffer
To: SMGFan
Does the Port Authority of New York and New Jersey,in fact,owe this company money? If so that company may be within its rights,legally speaking,to do what they're doing.In terms of PR,however,they're foolish to be doing this.Having provided the “crown” for the tallest building in the Western Hemisphere would be a nice thing for a company to be able to put on its resume.
6
posted on
10/13/2012 4:55:43 AM PDT
by
Gay State Conservative
(Ambassador Stevens Is Dead And The Chevy Volt Is Alive)
To: ProtectOurFreedom
The parts are unique and fabrication takes time. The Canadian company has to worry about its reputation as a reliable supplier and its sunken investment in the parts already fabricated, that cannot be used by anyone else. The Canadian company was undoubtedly the lowest qualified bidder, and it appears they have performed adequately to date. I see their reluctance to ship to a deadbeat customer without getting what they are already “owed”. The story says the PA admits that owes money on previous shipments, but the contracted stipulated that this shipment would not be held up disputes about other contracts.
This is what happens when Democrats run a region.
To: SMGFan
No steel here?
wow
We need manufactured steel from Canada. Just wow.
It’s not just that US steel is more expensive [unions, taxes] but that US steel simply isn’t there?
just damn
8
posted on
10/13/2012 4:56:08 AM PDT
by
Principled
(Vote Romney to stop Obama. Vote for conservative Reps and Senators to stop Romney. [ZET 7/30/12])
To: SMGFan
So the Port Authority is Six Million in arrears on other related contracts and is paying in installments and has their fabricator pissed off?
9
posted on
10/13/2012 4:56:31 AM PDT
by
KC Burke
(Plain Conservative opinions and common sense correction for thirteen years.)
To: Gaffer
The builder is apparently trying to complete the building and get payments so that he can pay off bills hes already reneged on. This story is as old as the construction industry. Subcontractors and suppliers are the industry's bankers and get played for fools on a regular basis by the general contractors. Throw in the occasional sleazy owner (remember Charlie Keating???) and it's a regular murderer's row, at least in a financial sense.
10
posted on
10/13/2012 4:59:48 AM PDT
by
T-Bird45
(It feels like the seventies, and it shouldn't.)
To: SMGFan
The solution is simple....... pay the old bill.
The situation could become worse. They can demand payment for the steel in advance plus the old bill as well. I would.
Better pay up
Whining to a New York newspaper will only exacerbate the problem
11
posted on
10/13/2012 5:00:24 AM PDT
by
bert
((K.E. N.P. N.C. +12 ..... Present failure and impending death yield irrational action))
To: Gaffer
The builder is apparently trying to complete the building and get payments so that he can pay off bills hes already reneged on.GEE! I don't know WHY these folks won't just take his word for it that they'll get paid!
LOL!
12
posted on
10/13/2012 5:00:30 AM PDT
by
MamaTexan
(I am a Person as Created by the Laws of Nature, not a person as created by the laws of Man)
To: SMGFan
The New York Port Authority broke PacSteel by demanding contract changes in mid-cantract when they built the first two towers.
13
posted on
10/13/2012 5:03:07 AM PDT
by
fella
("As it was before Noah, so shall it be again,")
To: SMGFan
DAMNED SHAME!!
In the mid 60’s I worked at a gas station in the shadow of the Manhattan Bridge and would see all the steel, AMERICAN STEEL, coming across it on the way to the Trade Center.
Service economy my patooty!
14
posted on
10/13/2012 5:03:14 AM PDT
by
Roccus
To: T-Bird45
The most important job of a CFO is to withhold payments to subs for the maximum time possible...preferably for at least a couple of bank cycles. I’ve worked for a couple of companies that did this on a regular basis.
15
posted on
10/13/2012 5:03:38 AM PDT
by
Gaffer
To: SMGFan
This isn’t unusual, I also know of a batch of hydro-electric generators that are being held by the shipper for non-payment. How greeen is that?
16
posted on
10/13/2012 5:07:21 AM PDT
by
Fireone
(Impeach and imprison, NOW!)
To: MestaMachine
What the hell is a service economy? That's where we all get rich shoveling each others' sidewalks!
17
posted on
10/13/2012 5:13:08 AM PDT
by
Smokin' Joe
(How often God must weep at humans' folly. Stand fast. God knows what He is doing)
To: SMGFan
If the progress of the job is so important than the Port Authority should pay the 6 mil. and quit the whining. I'm sure the Port Authority is no stranger to the game of hardball and right now someone else has the ball.
18
posted on
10/13/2012 5:17:26 AM PDT
by
count-your-change
(You don't have to be brilliant, not being stupid is enough.)
To: Gaffer
A couple of bank cycles is de rigueur in my observation and experience. Also, don't kid yourself, the subs are pricing this into their quotes.
19
posted on
10/13/2012 5:17:35 AM PDT
by
T-Bird45
(It feels like the seventies, and it shouldn't.)
To: SMGFan
If I told the Port Authority that I’ll pay their $14 tunnel toll or their $60 to park a car overnight at the airport when I get around to it, I wonder what would happen to me?
20
posted on
10/13/2012 5:18:27 AM PDT
by
Haiku Guy
(If Hillary reminds every man of his ex-wife, Joe Biden reminds every woman of her ex-husband.)
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