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post #46 of 46 (permalink) Old 12-03-2016, 10:57 AM
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Re: So...

Quote:
Originally Posted by becareful2 View Post
One last question: were any of the jobs in danger of being terminated if there were no stimulus money?

It's possible, it does happen...not often, but it does.


People just quit or don't stay long, like you said.

Quit

It sounds like every company who could, applied for stimulus money regardless if they needed it or not. It was "free" money so why not get some.
It doesn't work like that...the projects are competitively bid. Which , on the surface, sounds like anyone could have bid on the projects...but that's not accurate. For example...if you want to bid on a 10 million dollar bridge rehab....you will HAVE to be able to Bond the project...meaning you need to be able to have, what is in essence, a line of credit, for that specific job, for 10 million. You will also have to be able to ACTUALLY Prove you have completed at least 5 other projects of equal size and complexity.

Also...it's heavy construction...it's not free money. The contracts carry an enormous risk....fail to perform and you will be ruined.



Holes burn deep in your chest,
Raked by machine gun fire.
Screaming soul sent out to die,
Living mandatory suicide.
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