Oh, that's for the bats, you know, those little furry flying critters. They're also going to put a bell up there in the sticky-uppy thingy.
That way we can all say "they've got bats in their belfry" and nobody will get their feelings hurt!
Now down in Texas here, we have the Mexican Free-Tailed Bat, which we all know is the cause of illegal immigration. What you have up there in New England is simply called the Big Brown Bat, since it consumes large quantities of Naragansett and Genesee beer.
I can see in a few years the shine will come off the "bat mania" as people start getting tired of all the Guano coming out of the new Municipal Building.
Hmm, I was in construction for 22 years and usually you (as contractor) got money (1) when the foundation was done, (2) when the framing was complete & inspected, (3) after drywall, which covers up insulation, plumbing, & electric, (4) after final punch-out and/or certification of occupancy, and (5) if all goes well, the 10% retainage. Is something amiss here?
Something is amiss all right - a contractor who was awarded the bid even though he could not get bonded so the Town dropped the idea of having to have a bond (pay and performance)They did ask for a letter of credit which was also unobtainable and they keep writing him checks so he can pay off the creditors on the last few private jobs he took on. It's enough to make you want to bang your head against the wall. (But it is handy that the contractor has a little coffee klatch every morning with a group that includes Miss Management's husband...)
Oh man, they're treating it like a residential contract. In all my years, in anything municipal you needed a bid bond, a performance bond, cover all liabilities (like insurance for workers and drivers), and agree to 10% retainage. You actually have to pay money first before you make any.
At the end of the day you could make a modest 8-12% profit if you were smart enough to write in "riders" regarding the extra cost of change orders that cost any additional "cost plus" money over what you bid in the specs (and ordering date). I hate to say it, but that's how the industry is supposed to work.
I am not real sure if an unbonded contractor can do municipal work in Rhode Island, and will say no more on that topic. But I will say that bonding is a good idea because it protects the local taxpayers as well as the contractor, since you have an insurance company to fill any inadvertent gaps.
Yep, it's a strange wind that's blowing these days and thanks Good Listener for the input here.
I'm 75, Retired from 20 yrs. in the U.S.Navy as an Aircraft Engine Mechanic (reciprocating,round),Retired from 30 years in the LPG gas business here on the Island. I have 4 kids and 6 grandkids, and that is not enough! Love to build from scratch and attempt to fly radio controlled model aircraft with varying degrees of success. An avid reader since 8 years old. Classical is my music of choice closely followed by R&R from the 50's-70's!
"Still, if you will not fight for the right when you can easily win without bloodshed; if you will not fight when your victory will be sure and not too costly; you may come to the moment when you will have to fight with all the odds against you and only a precarious chance of survival. There may be a worse case. You may have to fight when there is no hope of victory, because it is better to perish than to live as slaves."
6 comments:
Don't know where all the underling came from, and don't know how to fix it! SO there!
Oh, that's for the bats, you know, those little furry flying critters. They're also going to put a bell up there in the sticky-uppy thingy.
That way we can all say "they've got bats in their belfry" and nobody will get their feelings hurt!
Now down in Texas here, we have the Mexican Free-Tailed Bat, which we all know is the cause of illegal immigration. What you have up there in New England is simply called the Big Brown Bat, since it consumes large quantities of Naragansett and Genesee beer.
I can see in a few years the shine will come off the "bat mania" as people start getting tired of all the Guano coming out of the new Municipal Building.
Happy Memorial Day!
Interesting structure - too bad the foundation isn't paid for yet...
Hmm, I was in construction for 22 years and usually you (as contractor) got money (1) when the foundation was done, (2) when the framing was complete & inspected, (3) after drywall, which covers up insulation, plumbing, & electric, (4) after final punch-out and/or certification of occupancy, and (5) if all goes well, the 10% retainage. Is something amiss here?
Something is amiss all right - a contractor who was awarded the bid even though he could not get bonded so the Town dropped the idea of having to have a bond (pay and performance)They did ask for a letter of credit which was also unobtainable and they keep writing him checks so he can pay off the creditors on the last few private jobs he took on. It's enough to make you want to bang your head against the wall. (But it is handy that the contractor has a little coffee klatch every morning with a group that includes Miss Management's husband...)
Oh man, they're treating it like a residential contract. In all my years, in anything municipal you needed a bid bond, a performance bond, cover all liabilities (like insurance for workers and drivers), and agree to 10% retainage. You actually have to pay money first before you make any.
At the end of the day you could make a modest 8-12% profit if you were smart enough to write in "riders" regarding the extra cost of change orders that cost any additional "cost plus" money over what you bid in the specs (and ordering date). I hate to say it, but that's how the industry is supposed to work.
I am not real sure if an unbonded contractor can do municipal work in Rhode Island, and will say no more on that topic. But I will say that bonding is a good idea because it protects the local taxpayers as well as the contractor, since you have an insurance company to fill any inadvertent gaps.
Yep, it's a strange wind that's blowing these days and thanks Good Listener for the input here.
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