ME:

"OPPOsaurus WRX" (opposaurus) 05/19/2020 at 08:17 • Filed to: None

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My project in work goes out to bid next week. I have a shitload to get done in the next few days, such that I was up until 11 last night and back at it at 7am. I’ll be up until 11 tonight again.  

La st night town council decided to delay its approval vote for 2 weeks. So..... its going out to bid before its approved???? I don’ t think that works. 

PS9 > OPPOsaurus WRX 05/19/2020 at 08:42

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Fire: Coronavirus
Car: The Country
Driver: US leadership, except instead of going to the pit, they think about it for like a minute, then don’t

pip bip - choose Corrour > OPPOsaurus WRX 05/19/2020 at 08:44

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shit’s on fire

yo!

TheRealBicycleBuck > OPPOsaurus WRX 05/19/2020 at 09:06

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You have to love politics and politicians. Often they are too timid to make decisions because they don’t understand the issue and how their decision will affect their constituents, or more importantly, how their decision will affect their popularity with their constituents. Meanwhile, the clock is ticking and money is at stake and the politicians are blissfully unaware of how much their delay costs other people.

When I was in grad school, we met the developer who was responsible for the 151 connector in San Antonio. This road connects the inner 410 loop and outer 1604 loop. As part of the deal, he brought in SeaWorld and the big Hyatt resort/golf course. Everyone involved stood to make a lot of money.

The problem was getting city approval. They sat on their hands for six months, voting to put off the approval every time they met. Finally, the developer stood in front of them and told them that this was the last opportunity to make the deal. He was losing $100k per month and the investors were getting ready to pull the plug. That meant no resort, no SeaWorld, and the land that was going to be given to the city to build the 151 connector would no longer be available to them. (Side note: the developer was paying for the frontage road on one side and would convert the land for the highway to retail if the connector wasn’t approved. ) He reminded them of the expected tax revenue from the resort,   SeaWorld, the retail associated with the area, and all of the travelers expected to come.

They finally made a decision and approved the variances, etc. that the project required. Imagine losing $600,000 just because a group of decision-makers couldn’t make a decision.

SilentButNotReallyDeadly...killed by G/O Media > OPPOsaurus WRX 05/19/2020 at 09:10

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Rules are merely guidelines for life...and all fires provide warmth, light, the potential to cook food and an effective way of destroying almost any incriminating evidence.

I think you’ll be fine...

Thisismydisplayname > OPPOsaurus WRX 05/19/2020 at 10:01

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Sounds like a bid date will be getting pushed, but not necessarily.  They can still release it for bids, but never contract the project.  That way they know what the true costs will be, instead of the engineers estimated costs, because rarely do those two ever match.  

Thisismydisplayname > OPPOsaurus WRX 05/19/2020 at 10:02

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What’s the project?

Turbineguy: Nom de Zoom > PS9 05/19/2020 at 10:13

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More like take an extra lap or two at half speed before pitting.

Sovande > TheRealBicycleBuck 05/19/2020 at 10:18

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Imagine what his back- end was with tax cuts, revenue, etc. Developers never really “lose” money on these things, it just gets recorded in  a different column. 

TheRealBicycleBuck > Sovande 05/19/2020 at 10:33

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It really depends on t he deal. In this case, the investors were getting ready to pull the plug. The key to the whole deal was council approval, but the developer was the one came up with the right equity-sharing deal which all of the landowners would accept. If th e investors pulled out, the deal would be dead, the developer would have lost significant amounts of cash (and time and salaries, etc.) and it would have taken another large cash infusion to convince the landowners to buy into a new deal.

Developers can make a lot of money when everything goes right, but it’s the investors who make the lion’s share of the profits. The developer in most cases is a broker. They’re the middle-man between the landowner, the local governance, the oversight agencies, the future business owners, the future homeowners, etc. The investors put in the cash to pay for the basics up-front: engineering, design, permitting, infrastructure (roads, utilities, drainage). The developer usually pays for his and his employee’s time, plus payments on construction  loans that were extended to cover costs until sales start. 

OPPOsaurus WRX > TheRealBicycleBuck 05/19/2020 at 10:40

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I saw that all the time at the old office just on a smaller scale of one or two properties .

ClassicDatsunDebate > OPPOsaurus WRX 05/19/2020 at 10:55

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You’ll work hard, pushing to get you bid together for close. At. The 11th hour, you’ll get an email from procurement with an extension.

....but that’s never happened to me almost every municipal bid.

OPPOsaurus WRX > Thisismydisplayname 05/19/2020 at 12:54

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addition to a middle school

OPPOsaurus WRX > Thisismydisplayname 05/19/2020 at 12:56

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timing and scheduling is going to be a mess.  factories are all messed up, projects underway are all messed up.  who knows how this is going to go.