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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: mishedlo who wrote (57599)7/12/2006 7:17:03 PM
From: Elroy JetsonRead Replies (1) of 306849
 
Why would Lennar pay Veemac's construction employees if the work was not done correctly?

Construction workers, work by the hour. You must pay them, even if they did the work incorrectly. There are big fines for not paying them. In paying the contractor's employees, Lennar is correctly minimizing the damage from this dispute so fines and a lawsuit from someone like the Labor Dept or State does not add to the damage.

Why is Lennar refusing to pay supervisors and office workers at Veemak. These employees bear some responsibility for work which is done incorrectly or if Veemak engaged in fraudulent acts.

Lennar is being forced to pay far more to a replacement contractor to finish the work. . . These increased costs will be included in damages against Veemak, should the issue end up in the courts.

This sounds like a calculated plan to bury Veemak.

I'd say Veemak is already dead and buried. In any eventual lawsuit, Veemak can raise this charge and the judge will laugh. If the judge agrees with Veemak he will award damages for this murder of an innocent company run by a man previously convicted of some financial crime which prevents him from being a corporate officer.

Lennar has a history of paying their contractors on-time and does not have a history of attempting to knock-off their vendors. (They do have a history of building inexpensive homes of less than the best quality, but that's another matter entirely.)

I guarantee you that you are missing important information on what led to this action. There is a very good reason Lennar risked the bad publicity and disruption they knew this would entail.
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