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Subcontractor

All articles tagged with #subcontractor

business2 days ago•14 min saved

Obama Center Subcontractor Shuts Down Amid $4M Payment Fight, 25 Jobs Cut

A Chicago-area plumbing contractor (Adamson Plumbing/Marsh-Adamson) shut down and laid off about 25 workers after a nearly $4 million payment dispute tied to work on the Obama Presidential Center, filing a $1.72 million mechanic's lien and claiming about $3.9 million in overall losses; Lakeside Alliance and the Obama Foundation say payment disputes are being resolved as the project closes, but the financial strain underscores broader concerns about subcontractor payments on the project.

via Fox News|

#business #layoffs #mechanics-lien

business2 years ago•1 min saved

Colorado Business Settles $23K Subcontractor Debt with 3-Ton Coin Payment, Sparking Controversy

A Colorado business, JMF Enterprises, attempted to pay off its $23,500 debt to another company, Fired Up Fabrication LLC, by delivering three tons of coins in a 2x3x4 box. The coins, consisting of quarters, dimes, nickels, and pennies, weighed 6,500 pounds and were delivered to the office of Fired Up Fabrication's attorney. The payment was seen as a symbolic middle finger and a waste of time by the attorney, who stated that she couldn't accept the payment due to its weight. JMF's legal team argued that the coins constituted a valid form of payment, and a judge will decide if the payment is appropriate.

via New York Post |

#business #colorado #debt