SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : The Trump Presidency -- Ignore unavailable to you. Want to Upgrade?


To: Wharf Rat who wrote (308273)10/27/2024 1:07:11 AM
From: i-node1 Recommendation

Recommended By
longz

  Read Replies (2) | Respond to of 362602
 
False. I proved it to you yesterday and you already forgot?



To: Wharf Rat who wrote (308273)10/27/2024 3:01:34 PM
From: i-node1 Recommendation

Recommended By
longz

  Respond to of 362602
 
>> Trump cheated his sub-contractors on a regular basis.

There is no evidence of this. Courts decide who did and who didn't. However, following is a list of known incidents where there was some degree of public disclosure, which do not amount to many, relatively speaking. Where multiple cases are involved, the outcomes are summarized. When there is a settlement, it means that Trump either agreed to pay them an agreed-upon amount that is less than the contractor was demanding. These are typically where the contractor did sloppy work, or didn't do it at all, and essentially agreed that it should NOT be paid for it. They knew they were working for a demanding general contractor and did not perform to specifications:

Trump was known for being a very demanding contractor when it comes to quality workmanship. They all knew that going in.

--------------

Trump International Hotel and Tower (Chicago):

Outcome: Settled. Contractors (multiple) alleged non-payment for work; specific settlement details were often undisclosed.


Trump National Golf Club (Los Angeles):
Outcome: Settled. A contractor sued for non-payment, and the case was resolved through settlement negotiations.


Trump Tower (New York):
Outcome: Multiple cases with mixed results. Some subcontractors won partial judgments, while others settled out of court. Exact outcomes vary by case.

Trump SoHo (New York):
Outcome: Settled. Various contractors filed lawsuits for unpaid work, and many cases were resolved through settlements.


Trump International Hotel (Washington, D.C.):
Outcome: Settled. Contractors pursued litigation for unpaid renovation work, with the disputes often ending in settlements.


Trump Plaza (New York):
Outcome: Settled. Contractors claimed non-payment, and the case was resolved through settlement before going to trial.


Trump World Tower (New York):
Outcome: Court rulings favored some contractors, leading to judgments for unpaid amounts, while others settled.


Trump Golf Links (New York):
Outcome: Settled. Contractors filed lawsuits for non-payment, which were settled before trial.

Since you clearly don't know anything about this topic, here is some more information courtesy my go-to AI:

It is relatively common for subcontractors to sue over payments in large construction contracts. Here are some reasons why this occurs:

Payment Delays: Large projects often involve multiple layers of contracts and payments can be delayed for various reasons, leading to disputes.

Contractual Complexities: The complexity of contracts can lead to misunderstandings regarding payment terms, scope of work, and timelines.

Change Orders: Changes in project scope can result in disputes over additional payments that subcontractors believe they are owed.

Cash Flow Issues: General contractors may experience cash flow problems, causing them to delay payments to subcontractors, which can lead to litigation.

Retention Practices: It's common in construction contracts to hold back a percentage of payment (retention) until project completion, which can lead to disputes if not handled properly.

Liens: Subcontractors may file mechanic's liens as a way to secure payment, leading to legal disputes if the contractor challenges the lien.

Industry Practices: The construction industry often sees a high volume of litigation due to the nature of the work, with disputes arising from various factors.

Overall, while not every subcontractor will resort to litigation, disputes over payments are a known risk in the construction industry, especially on large projects.

For someone who did as much construction of a high-quality nature, as Trump has, this does not seem out of the ordinary.

I once did accounting for a comparatively smallish hotel (20 stories) in which there over 100 lawsuits filed.