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I hope Whitefish gets what it is due for services rendered thus far plus a huge settlement on top of that. Puerto Rico deciding they don't want a perceived public relations issue rather than allowing the company to do their contracted job should be costly. Just the mobilization costs for a project of this magnitude and location will be exorbitant and I don't think that anyone here would begrudge them compensation correct?
They've been paid by Puerto Rico Electric. About $8 million. Which is unlikely to be reimbursed by FEMA, since FEMA wasn't given the opportunity to review this contract and did not approve it. Puerto Rico Electric is still in the midst of their bankruptcy, aren't they, so if Whitefish does decide to sue, they may not get anything.
They've been paid by Puerto Rico Electric. About $8 million. Which is unlikely to be reimbursed by FEMA, since FEMA wasn't given the opportunity to review this contract and did not approve it. Puerto Rico Electric is still in the midst of their bankruptcy, aren't they, so if Whitefish does decide to sue, they may not get anything.
So are you saying they are not due what is owed thus far plus some? I did not say anything about suing because you can get a settlement without a lawsuit. Or should they just eat the costs because PR decides they don't want a perceived public relations issue? How do you know how much it has cost thus far? Will the "reported" 8 mil cover it?
Why are we still colonizing the country of Puerto Rico? The Spanish-American War was over 100 years ago. Give these people their independence back!
For pretty much the same reasons Cuban Embargo is still largely in place; taking control of a country and or its assets is one thing; giving them back is another.
All heck would break loose politically if PR were free to choose and China, Russia or some other nation moved into that market just several hundred miles off US shores.
So are you saying they are not due what is owed thus far plus some? I did not say anything about suing because you can get a settlement without a lawsuit. Or should they just eat the costs because PR decides they don't want a perceived public relations issue? How do you know how much it has cost thus far? Will the "reported" 8 mil cover it?
I'm saying they've already been paid $8 million dollars.
I was responding to a post that suggested that these contractors might not get paid. Whitefish has received money.
And there are two issues with that. First, there are the exorbitant amounts Whitefish was charging per man-hour. $240 per man-hour was their bottom figure, almost $500 per man-hour for supervisors. ON TOP of the $400 per diem to pay for meals and housing.
Second, Puerto Rico Electric said they couldn't afford the mutual-aid agreements that are standard operating procedure after cataclysmic events like hurricanes, but they could afford to pay Whitefish $8 million dollars?
My point is that the payments may be staggered depending on the work completed. They have been working for about a month. PREPA doesn't have a bunch of cash on hand for big bulk payments. Who knows the terms of payment?
Why wouldn't Whitefish pay their contractors?
My theory about the high rates is that they are compensating in giving them a break on no down payment... just like what's normally done to consumers. If you are a risk, you get a higher interest rate. By the way - what are the hotel and lodging costs over there? Probably pretty high right now if you want a room with full power and water. At the end of the day, PREPA agreed to the deal.
Do you know how much they would have to pay in the mutual aid agreement? Maybe they can handle $8 million - which is 2.6% of the contract. But they can't handle a one time 10% down payment of $30 million. You or I don't have detailed financial info about PREPA other than what has been done.
Okay. They signed the contract on October 2. Let's say they had 300 guys on the ground for an average of 20 days. The guys worked an average 10-hour day. At $300 per hour, that's $1.8 million dollars. Then the per diem charges for 300 guys for 20 days at $400 per day to cover food and lodging is another $2.4 million dollars. That leaves $3.8 million dollars to cover rental/shipment charges for equipment and supplies. I suspect they got paid what they were due.
Okay. They signed the contract on October 2. Let's say they had 300 guys on the ground for an average of 20 days. The guys worked an average 10-hour day. At $300 per hour, that's $1.8 million dollars. Then the per diem charges for 300 guys for 20 days at $400 per day to cover food and lodging is another $2.4 million dollars. That leaves $3.8 million dollars to cover rental/shipment charges for equipment and supplies. I suspect they got paid what they were due.
Mobilization also includes rented/leased helicopters and other large and small equipment. Plus materials that were ordered and/or purchased for the project. These costs alone since they are likely coming from the mainland could be far beyond that.
Mobilization also includes rented/leased helicopters and other large and small equipment. Plus materials that were ordered and/or purchased for the project. These costs alone since they are likely coming from the mainland could be far beyond that.
$3.8 million dollars very likely more than covered those expenses. These guys got paid.
Couldn’t care less. It only hurts PR since they seem incapable of doing anything for themselves and like true liberals cry to have everything done for them.
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