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The article starts with a scenario from commercial construction in which pay to workers was delayed at times and some ultimately never collected. The commercial
by mbostleman 3y ago
The article starts with a scenario from commercial construction in which pay to workers was delayed at times and some ultimately never collected. The commercial construction industry can be a risky environment. I spent some time in this supply chain and the monthly billing to the owner was always a nail biting experience similar to a rocket launch. Is every sub billing for the right amount of labor and materials? Do we have evidence that materials delivered but not installed are on site and secure, or did some of it grow legs over the weekend? How is the owner's liquidity? Are the business drivers that justified the investment (eg. tenants) still a go? Because if not, the financing will pull out.
While the Guardian likes to imply that the first company upstream of the workers is a thief, the reality is far more complex. There might be some dealings that could be called theft but, before you get to those, you'd have to remove all the dealings that involve a risky chain of transactions that failed somewhere along the line.