Old Moroso in trouble with contractors

Robert Pare Racing · 01-13-2009, 11:17 AM

If there is an AIA Prime Contract as the Contractor stated there is, the Developer needs to pay...Just because the market has had a downturn and the market rates have plummeted since the time of Contract execution, that's just tough.. Win some, lose some..If the market had done the opposite, which it will eventually, do you think the Developer would exclaim that the Contractor deserves MORE money as a result?..I don't think so. My Company is in this very situation presently, and The Developers and Owner Reps are abusing the current situation in the industry by holding a gun to our heads to settle just to get paid "something", arguing about agrred upon terms and conditions that were signed earlier in 2008. Makes me want to **** someone in the mouth when I read this ****.

01-13-2009, 11:17 AM	#2
Robert Pare Racing Member Join Date: Aug 2004 Location: Mother Earth Posts: 265 Likes: 0 Liked 2 Times in 1 Post	Re: Old Moroso in trouble with contractors If there is an AIA Prime Contract as the Contractor stated there is, the Developer needs to pay...Just because the market has had a downturn and the market rates have plummeted since the time of Contract execution, that's just tough.. Win some, lose some..If the market had done the opposite, which it will eventually, do you think the Developer would exclaim that the Contractor deserves MORE money as a result?..I don't think so. My Company is in this very situation presently, and The Developers and Owner Reps are abusing the current situation in the industry by holding a gun to our heads to settle just to get paid "something", arguing about agrred upon terms and conditions that were signed earlier in 2008. Makes me want to ** someone in the mouth when I read this **. __________________ Rapare-Racing.com