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To: kapkan4u who wrote (50692)	8/10/2001 5:09:26 PM
From: Bilow	Read Replies (1) \| Respond to of 275872

Hi kapkan4u; Re Intel and "cheapskate". Every time I do a contract with a big company, they pay me (what I consider to be very) late. I used to think that this was because they were making money on the interest. But I've come to the conclusion that it's just a part of the accounting process. If company's did operate this way, they'd leak cash to small contracters. And if you think it's hard to get cash out of Intel (or AMD, for that matter), imagine what it's like from the other side. It's probably incredibly expensive to force a small contractor to give you back an overpayment. -- Carl

To: kapkan4u who wrote (50692)	8/10/2001 6:55:58 PM
From: Road Walker	Read Replies (1) \| Respond to of 275872

Kap, re: This characterization is too generous for a multi-national corporation going around screwing little guys. Yep, that's part of their corporate culture. I think it's part of their mission statement "at all times, screw the little guy as much as possable". In reality, you heard one side of a story. And your bias propelled you to a conclusion. John

To: kapkan4u who wrote (50692)	8/10/2001 11:33:21 PM
From: Windsock	Respond to of 275872

Re:"This characterization [screwing the little guys] is too generous for a multi-national corporation going around screwing little guys." You have no idea how the construction business works. Intel signed a contract with the General Contractor to construct the facility per a spec. The General contracts with a large number of subcontractors to perform defined tasks. Intel pays the General and the General pays the subs. The General will invariably have subs that do not perform to spec or there is an argument about the spec, and the General refuses to pay the sub until they fix the problem. The non-performing subs then file a construction lien against the property to protect their claim. The lien also is intended to embarrass the property owner and leverage negotiating power. The lien is only good if the property is sold or if the lien holder wins a judgment and then forecloses on the property. The General will deal with the disputes and settle or pay any judgments. On a project, this huge there are certainly performance bonds to protect Intel against any failure of the General to pay the subs.