InvestorsHub Logo
Followers 183
Posts 18285
Boards Moderated 2
Alias Born 01/31/2017

Re: Ar3ohdee post# 55278

Tuesday, 09/12/2017 9:59:40 PM

Tuesday, September 12, 2017 9:59:40 PM

Post# of 346505
Delays happen with no accountability ... what are you going to do about it except remember to put in a special clause of fines per day if not completed by a certain day IMO.


My own experience with a 1,300 sq ft restaurant expansion on my 2nd location with money in hand:

- Oct 2015 money approved and funded.
- Oct/Nov 2015 wanting to start construction but ran into plan tweaks and lease tweaks.
- Nov/Dec 2015 everything ready on my side ... so I thought ... dealing with more city and power things. Thinking to myself ok as long as we can open in Jan we should be good.
- Dec 2015 everything comes to a crawl or stop due to holidays and doesn't start back up basically until 1-2 weeks in Jan 2016. Oh boy, no one cares.
- Jan 2016 things come to a crawl because I am waiting on power company (for a payment done in Dec) to install a new pole to provide power for 3 phase equipment.
- Feb 2016 the pole is finally installed. (I am thinking March is no problem now.)
- March 2016 to April 2016 is a mystery to me.
- May 2016 (end of month) ... FINALLY opened the second location.

Moral of story ... nothing goes to plan but make sure you are 110% prepared for opening date because things can still go wrong afterwards. (By the way I am still dealing with a load balance deal with air and exhaust fans.) LOL

Try working a restaurant and see how all goes smoothly with monkey wrenches being thrown at you from all directions. wink